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Coal Ministry soon to invite offers from PSUs for allocation of coal blocks

27 Dec 2012 Evaluate

The Coal Ministry would soon be issuing notification inviting offers from the public sector for allocation of identified coal blocks. The Coal Ministry, back in May, had identified 54 mines for allocation. Of these, 16 are set aside for government firms, 16 for power sector and 22 for allocation through auction route.

Further towards this development, the coal ministry has also formed an inter-ministerial panel to look into applications received from government companies. Further after its formation, the inter-ministerial panel at a meeting held on December 20 also discussed the system for allotting coal mines to public sector firms.

The 14-member panel, headed by Coal Secretary A K Srivastava, in its first meeting, also discussed the eligibility criteria for coal block applicants. Further the committee which has representatives from Power, Steel, Law & Justice and Planning Commission, would soon co-opt the representatives of the concerned state governments, where the coal block and the end-use plant would be located.

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