Central, State PSUs Allotted 38 Coal Mines
The government on Tuesday allotted 38 mines to central and state public sector units including power major NTPC, DVC and SAIL, according to Anil Swarup, Coal Secretary. Among these entities, West Bengal Power Development Corporation Ltd scored the highest number at 8 mines, followed by Karnataka Power Corporation Ltd and National Thermal Power Corporation, which bagged 6 and 5 blocks respectively. Though the Ministry of Coal planned for 43 mines, due to lack of applications for some mines, only 38 blocks have been allotted.
It may be noted that the Ministry, which auctioned 33 coal blocks in two tranches to private companies, garnered over Rs 2 lakh crore including royalties over the next 30 years. This surpassed CAG’s estimates of losses pegged at Rs 1.86 lakh crore for allotting coal blocks without bidding.