Mahanadi Coalfields May Face Rs 20,000 Crore Penalty On SC Order

Mahanadi Coalfields May Face Rs 20,000 Crore Penalty On SC Order

Coal India subsidiary Mahanadi Coalfields Limited can face a penalty of more than Rs 20,000 crore in the wake of a Supreme Court order that rendered illegal all mineral production in violation of environmental laws.

The Odisha government is evaluating the company’s liability after the top court in its August 2 verdict ordered the state to recover the value of all minerals produced without or in excess of caps under environment, forest laws, pollution control rules and mining plans.

The Supreme Court ruling in a case filed by social organisation Common Cause against the Union of India and others over violations of iron ore and manganese miners in Odisha — has also prompted the expert appraisal committee (EAC) of the central environment ministry to defer clearances to coal projects. Read More…

Leave a Reply

Your email address will not be published.