The government has decided to take back Sitanala coking coal block in Jharkhand from the country’s largest steel producer SAIL on accounts of delays in the development of the mine.
“A very little progress has been made in the development of the coal mines and the allottee has decided to surrender the same…As such there is no reason why the allotment agreement should not be terminated.
“In view of the above, it has been decided to terminate the allotment agreement and allotment order in respect of Sitanala coal mine. However…the agreement and allotment order shall stand terminated w.e.f. October 25, 2018…,” the coal ministry said in a letter to Steel Authority of India Ltd.
The PSU had in March and again in April written to the coal ministry for surrendering the coal block. In the letter written on April 27, the Steel Authority of India Ltd (SAIL) had said that the block was techno-commercially non-viable. Read more
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