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Coalmin Slaps Show Notices On 12 Firms Including NTPC Ltd And Steel Authority of India Ltd-Business Standard


Tuesday, 11 Jun 2013 06:04am EDT 

Business Standard reported that NTPC Ltd taking forward its crusade against companies sitting idle on mines, the Coal Ministry slapped fresh showcause notices on 12 firms including NTPC Ltd and Steel Authority of India Ltd seeking explanation for not developing these by June 30, failing which the blocks could be de allocated. The development comes close on heels of the Coal Ministry issuing show cause notices to 11 firms, including JSPL, Monnet Ispat, NTPC and GVK Power last week for not developing the mines alloted to them for captive use. Apart from NTPC and SAIL, which were issued show cause notices for failing to develop Talaipalli block and Sitanala Coking Coal block, the firms which were issued notices included TVNL, Damodar Valley Corporation, Bhushan Steel and Power, West Bengal Power Development Corporation and Madhya Pradesh and Maharashtra State Mining Corporations. Other firms which were served notices included Abhijit Infrastructure, Rungta Mines, OCL India and Ocean Ispat Ltd. 

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