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Land over Coal Blocks

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Delhi
Last Updated : Dec 12 2014 | 12:21 AM IST
For management and reallocation of cancelled coal blocks, Government has promulgated 'the Coal Mines (Special Provisions) Ordinance, 2014' on 21.10.2014 to ensure smooth transfer of rights, title and interests in the mines/blocks along with its land and other associated mining infrastructure to the new allottees to be selected through an auction or allotment to government company, as the case may be. As per provisions of Section 8 of the Ordinance, the successful bidder in an auction shall be entitled to the vesting of coal mine pursuant to a vesting order to transfer and vest upon the successful bidder all rights, title and interests of the prior allottee, among others. Similar provisions are applicable for the allotment to a Government company. This was stated by Sh. Piyush Goyal, Minister of State (I/C) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok Sabha today.

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First Published: Dec 11 2014 | 12:21 AM IST

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