Output from captive mines lower than target: CoalMin to PMO

Tags: News
At a time when the Supreme Court is set to take a call on captive mines, the coal ministry has informed the Prime Minister's Office that firms alloted blocks for end-use plants have just produced 39 million tonnes of coal in FY14, missing their target for the fiscal.

The production target set from the captive coal blocks in FY 2013-14 was 50 million tonnes, a source close to the development said.

The apex court has held meanwhile that all coal blocks since 1993 have been allocated illegally and arbitrarily, bringing uncertainty to the fate of 218 block allocations.

Of the total, 40 blocks are in production and 6 are likely to become operational in the current fiscal, the source said.

The government has told the Supreme Court that it "wants re-auction of all 218 coal blocks" declared as illegal allocation but sought its indulgence to "exempt" 40 of them which are functional and ready for the end use power plants.

Giving reasons for lower production, the ministry said less output was due to factors like "pending court cases in matters relating to the captive coal blocks".

The Coal Ministry had earlier said that output from captive coal blocks may reach 53 million tonnes in the ongoing fiscal.

"Based on the review of the status of producing coal blocks which have not yet attained PRC (peak rated capacity) and the coal blocks which were likely to commence production in 2014-15 as well as the information/assurance given by the coal block allocatees for achieving production during 2014-15," is 52.925 million tonnes, the ministry had earlier said.

Of the total 328 coal blocks identified for allocation for captive purposes, the government has so far allocated 218 and deallocated 80 coal blocks.

Supreme Court which is looking into the issue of coal blocks had earlier said: "There was no fair and transparent procedure, all resulting in unfair distribution of the national wealth."

The next hearing is scheduled for September 9.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture