Don’t miss the latest developments in business and finance.

'Deallocated coal blocks will go to CIL'

Image
Press Trust Of India
Last Updated : Sep 06 2012 | 12:30 AM IST

Coal blocks deallocated on the recommendation of an inter-ministerial group (IMG) will be handed over to state-run Coal India, people close to the development said. Adding: the coal ministry had already taken a decision on this front at a meeting, chaired by IMG head Zohra Chatterji, almost eight months back in January. It has also been decided that CIL will develop these blocks through public-private-partnership model. Around 60 blocks having almost all the reserves cited by CAG (6.7 billion tonnes) can be cancelled and handed over to CIL for development immediately.

More From This Section

First Published: Sep 06 2012 | 12:30 AM IST

Next Story