Coal ministry will review its decision to cancel Coal mining licenses of Tata Sons & JSP. The Coal blocks are attached to coal-to-oil projects, worth around INR 900 billions.
In October 2013, industrialist, Kumar Mangalam Birla and former Coal Secretary P C Parekh were appointed for Coal block allocation (Talabira II) in Odisha to Hindalco. Sriprakash Jaiswal, Coal Minister had approved recommendation of panel to cancel mining licenses of 11 Coal blocks owing to sluggish progress. Affected companies alleged non-cooperation in granting regulatory clearances from the host state.
Coal ministry formed a panel of inter- ministers, which is authorized to review the progress of mines. IMG is to review the decision of cancelling Coal mining licenses. The review is going to be quite tough, as it is under close observation of CBI, CAG & Supreme Court after the COALGATE scam.
Odisha state government in a written request to Coal ministry has mentioned that, it was on the verge to award the required statutory clearances. Hence, Coal ministry decided to review its decision. Pressure was also from the affected companies, official said.
Senior executives of companies met Jaiswal after facing de-allocation and cancellation of blocks. The state representative was absent during panel meeting also oblige the review. However, Odisha government had intimated the panel, about its inability to send representative.
Cases of North of Arkhapal block belongs to SETS- a consortium of TATA Sons and Sasol Synfuels International and Ramchandi Promotional block shall be reviewed. Projects are worth INR 450 billions. The blocks are among largest captive mines with 1500 MnT of reserves each.