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Print[Ferro-Alloys.com] The Inter-Ministerial Group (IMG) on coal blocks is likely to finalize its recommendations with regard to the 31 mines allocated to public sector firms by October 20.
"Coal Secretary SK Srivastava has recently conveyed it to Public Accounts Committee that the recommendations of the IMG as far as coal blocks allocated to public sector firms would be finalised by October 20," an official in the Coal Ministry told PTI.
IMG, which had recently concluded the scrutiny of 31 coal blocks alloted to 51 private firms, is meeting this week decide the fate of 31 coal blocks allocated to public sector firms.
PSU companies will present their case before the IMG on October 9 and 10. Of the total 31 coal blocks allotted to the public sector firms which were issued notices, around 15 coal block holders will present their case on first day, while 16 will make presentations on the second day.
The government also approved the deduction of the BG with regard to the coal mines of some of the firms including ArcelorMittal, GVK Power, Jayaswal Neco, Neelachal Iron & Steel and DB Power among others.
A total of 58 mines were issued show cause notices for their failure to develop blocks within stipulated timeline.
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