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Govt asks Coal India to expedite operationalization of 110 additional blocks or return them

25 Nov 2019 Evaluate

The coal ministry has asked Coal India to either expedite the operationalization of 110 additional blocks allotted to it or return the mines to the government. The coal ministry recently enquired from the PSU about the operational status of the additional blocks allotted to it, and whether extraction from these coal blocks is techno-economically feasible.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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