Millennium Post

Prepare plan for managing deallocated mines: Centre to CIL

The development follows Supreme Court last month  verdict of quashing allocation of 214 coal mines alloted to various companies since 1993 and allowing the Centre to take operation of 42 such blocks which are operational.

'Coal India Ltd is required to prepare a detailed comprehensive operational plan (mine wise) for managing the mine w.e.f 1 April, 2015,' a source close to the development said. The source further said that 'it may be required to be decided as to which coal mines out of blocks shall stand cancelled w.e.f 31 March, 2015 will be vested with CIL and which will be auctioned.'

The coal ministry, the source said, has further advised coal block allocatees not to create any further encumbrances, including recruitment of manpower.

'They (coal block allocatees) have been advised not to strip off assets of the coal mines during transition period i.e. up to 31 March, 2015,' the source said.

In a major blow to the corporate sector, the Supreme Court had quashed allocation of 214 out of 218 coal blocks alloted to various companies since 1993 terming it as 'fatally flawed' and allowed the Centre to take over operation of 42 such blocks which are functional.

The bench, after noting the Centre's stand, quashed 214 allocations and asked Coal India Limited (CIL)to fill the void and take things forward by taking over the operation of 42 blocks which are functional.
PTI

PTI

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