Financial Daily from THE HINDU group of publications
Friday, Dec 03, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 03, 2004 |
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Coal Industry & Economy - Coal Coal blocks allotted to Videocon, Lloyds Metal, Kalinga cancelled Our Bureau
New Delhi , Dec. 2 THE Coal Ministry has cancelled the allocation of coal blocks to Kalinga Power, the Videocon group and Lloyds Metal, as there has been no progress in respect of the projects for which the linkages were provided to them earlier. According to an official communication here, the step follows a decision taken to this effect by the screening committee in the Ministry of Coal, which is headed by the Coal Secretary. The Coal Ministry has also decided to make fresh allocations of 35 coal blocks with reserves of around 400 million tonnes to power, cement and steel plants within the next few weeks. It has also been decided that the screening committee will now meet once each week till all the pending applications for allocation of coal blocks are disposed of. The committee met here earlier this week after a gap of more than a year as a result of which a large number of applications have piled up. The committee has also made fresh allocations of four coal blocks of Western Coalfields Ltd and one lignite block to five companies.
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