New Delhi: Jindal Steel and Power Limited got a jolt on Friday with the National Green Tribunal (NGT) cancelling the environmental clearance to the 4 million tonne per annum Gare IV/6 coal mining p

The National Green Tribunal has cancelled the environmental clearance given to the Jindal Steel and Power Company’s coal mining and washery project in Chhattisgarh.

In a significant decision, the National Green Tribunal (NGT) on Friday set aside the Environmental Clearance (EC) granted to the 4 MTPA Coal Mining Project of Jindal Steel and Power Ltd and 4 MTPA Coal Washery at Gare in Raigarh district of Chhattisgarh on grounds of faulty public hearing.

The company had been granted EC in May 2009. The NGT has directed that the public hearing may be conducted again but not under the Additional District Magistrate (ADM) who conducted it earlier. The verdict delivered by Justice C.V Ramulu and Prof R. Nagendran held that the entire “public hearing was a farce and makes a mockery of the public hearing process”.

Last year, Ministry had scrapped coal blocks to 6 PSUs and 3 pvt firms for not developing them

The Coal Ministry is likely to begin this week the process of issuing show-cause notices to 58 captive coal block holders, including PSUs, which have not started the development work of mines in stipulated time. "The coal ministry is likely to issue show-cause notices to 58 coal block holders, both in public and private sector, sitting idle on them this week," a top official in the coal ministry said.

Estimated to have a reserve of about 225 million tonne

Jindal Steel and Power Ltd (JSPL) today said it will begin production from its Utkal B-1 coal block in Odisha, that is estimated to have a reserve of about 225 million tonne, by August this year. Besides, the Naveen Jindal-led steel making firm will also begin shipping coal from its mines in Mozambique in next 3-4 months, JSPL's Deputy Managing Director & CEO (Steel Business) V R Sharma told reporters here on the sidelines of the 'Steel Guru' conference.

New Delhi Just a day before the Election Commission was set to issue the notification for the 2009 general election, the United Progressive Alliance-I government had hurried to allocate large capti

New Delhi The CAG might choose to call it “unintended benefit” to certain firms rather than loss to the exchequer, but the policy of captive coal blocks formulated in 1993 has clearly given ample opportunity for a veritable cross-section of corporate India to grab the dwindling natural resource for a song and make undue profits at the cost of consumers.

New Delhi Amid the furore over the CAG draft report estimating a R10.67-lakh-crore loss to the exchequer on account of coal mines allocation, the government will begin issuing notices from Monday to firms sitting idle on blocks.