Deallocates Gourangdih ABC, jointly given to JSW Steel & Himachal EMTA, with this, govt has approved cancellation of licenses of 5 coal blocks

The Government today decided to deallocate one more mine - Gourangdih ABC, jointly given to JSW Steel and Himachal EMTA besides deduction of bank guarantees of two allottees for failing to develop mines within time. This follows the recommendation made by Inter-Ministerial group (IMG) which is scrutinising 29 blocks awarded to the private parties out of the total 58 which were given show cause notices for delays in development and some of these find mention in CAG report.