Business Standard

Tuesday, December 24, 2024 | 01:04 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Coal block defaulters to face penalties

Coal production from the auctioned 29 mines stood at 15.32 million tonnes during 2016-17

Coal block defaulters to face penalties
Premium

Shreya Jai New Delhi
The ministry of coal is devising methods to penalise coal block operators falling behind targeted production and revenue payment to states.

Government officials said a committee has been formed under the secretary of coal ministry and with chief secretaries of mine-bearing states as members to decide the modus operandi to clear bureaucratic hurdles related to land, forest clearances, etc.

According to the coal ministry, of the 34 auctioned or allotted mines, vesting order has been issued for 29. Of these, 15 have started production of close to 15.32 million tonnes. “Of 17 mines allocated to private/public companies through auctions, 12 have started

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in