The Ministry of Coal has approved the Inter Ministerial Group's (IMG) recommendation to de-allocate six more mines and deduct bank guarantees of seven citing failure to develop the mines within scheduled time limit.
Bhaskarpara allotted to Grasim Industries and Electrotherm; Dahegaon Markardhokra IV given to IST Steel & Power; North Dhadu allotted to Electrosteel Castings; Chorit and Telaiya allotted to Rungta Mines and Gondkhari block allotted to Maharashtra Seamless were among the blocks whose de-allocations have been approved.
Further, the ministry has given nod for deduction of bank guarantees of seven blocks that include Seregarha block given jointly to ArcelorMittal and GVK Power; Moitra block allotted to Jayaswal Neco Industries; Dumri block given to Neelachal Iron & Steel and Durgapur II/ Sariya block allotted to DB Power.