The Inter-Ministerial Group, IMG on coal blocks will start review of the under-developed blocks allocated to various companies today. The IMG has sought explanation from the Public Sector Undertakings, PSUs that have not carried out any work on the coal blocks allotted to them. PSU companies will present their case before the IMG today and tomorrow. Of the total 31 coal blocks allotted to the public sector firms, which were issued notices, around 15 coal block holders will present their case on first day, while 16 will make presentations on the second day. The firms which will make presentations include MMTC, Chhattisgarh Mineral Development Corporation and TVNL.
Our correspondent reports that the government has accepted the recommendations of the IMG, which had suggested de-allocation of 13 mines and deduction of bank guarantees (BGs) of 14 allottees last month. A total of 58 mines were issued show cause notices for their failure to develop blocks within stipulated timeline. The government had formed the IMG in July to review the progress of coal blocks allocated to companies for captive use.