Inter Ministerial Group meets on 10th June to discuss on 61 coal blocks
The Inter-Ministerial Group (IMG) on coal blocks under the Chairmanship of Additional Secretary coal will meet on June 10 to discuss the issue of bank guarantees related to 61 mines allocated to companies like Tata Steel, Jindal Steel and Power and ArcelorMittal. In February, 2014 based on the IMG recommendation, the Coal Ministry decided to deallocate around 30 coal of companies like JSPL, AreclorMittal and Sterlite Energy for delays in developing the mines for captive consumption. The panel had reviewed the progress of development of 61 coal blocks and has also reviewed 10 coal blocks of companies including JSPL, Tata Steel and JSW Steel. The panel gave them 8-9 months to obtain stage II forest clearances.