INDIA Government de-allocates coal blocks over slow development

摘要

Some of India's biggest companies - including Tata, Jindal Steel and Power and Adani Power - are among those to have had their coal block allocations cancelled by the Indian Ministry of Coal over delays in developing them. In total, 31 blocks are expected to be cancelled. "The ministry has already sent notices to a number of companies about the de-allocation," said N.C. Joshi, a coal ministry spokesman. "Some others will be intimated soon." The de-allocated blocks will now be given to Coal of India Ltd, the state-owned coal miner, but may be offered to other developers at a later date, the coal ministry said.