Govt to soon de-allocate 40 coal blocks from idling companies, forfeit their bank guarantees
Upset with companies idling on their captive coal blocks, the coal ministry is likely to soon begin the process of de-allocating nearly 40 blocks from them and also forfeit their bank guarantees. If the ministry has its way, about 25 public sector undertakings and 15 private companies may have to wash their hands off these blocks, besides being debarred from applying for fresh blocks.
Publication Date:
22/09/2009