New Delhi: The Inter-Ministerial Group has recommended the de-allocation of four coal blocks allotted to private companies. De-allocation has been recommended for Castron Mining Ltd, Field Mining and Ispat Ltd and Domco Smokeless Fuels Pvt Ltd. While Castron Mining Ltd and Domco Smokeless Fuels Pvt Ltd have one block each, Field Mining and Ispat Ltd owns two blocks.
The IMG has also recommended that the bank guarantee of three others private companies be encashed as they had failed to develop the mines even though several years had passed since they had been allotted.
A report has been sent to the Coal Ministry for action on eight coal blocks, which include the four where de-allocation has been recommended. One company has been directed to submit the bank guarantee while IMG has also recommended that the bank guarantee of three others be encashed.De-allocation has been recommended for Castron Mining Ltd, Field Mining and Ispat Ltd and Domco Smokeless Fuels Pvt Ltd.The IMG met for three days from September 6-8 and then sent its recommendations to the Coal Ministry.
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