IMG to decide fate of 14 coal mines allotted to public firms

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IMC to decide fate of 14 mines today
New Delhi, Nov 20: The Inter Ministerial Group (IMG) on Tuesday is likely to decide the fate of 14 more coal mines that have been allotted to public sector firms.

The IMG was set up by the government in July to review progress of coal blocks allocated to firms. On Oct and 10, the IMG had verified 33 coal blocks allocated to public sector firms which were slapped notices with delay in production.

The body scrutinised 31 coal blocks allocated to 51 private firms and the government accepted its recommendations for de-allocating 13 mines and also deducing bank guarantees of 14 allottees.

A total of 58 mines were given showcause notices for failing to develop blocks within the set timeline.

The Comptroller and Auditor General of India (CAG) had said that undue benefits worth Rs 1.86 crore might accrue to private firms through the allocation of 57 mines without auction.

OneIndia News

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