Why not sell coal from two Chhattisgarh mines to Jindal Power Ltd: HC to CIL
Delhi High Court today suggested to Coal India Ltd (CIL) to sell to Jindal Power Ltd (JPL) the coal it has started to mine from two Chhattisgarh mines if it did not have the space to store the mineral.
A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva gave the suggestion after CIL moved an application seeking permission to sell the coal it has started to mine from Gare Palma IV/2 and IV/3 mines after receiving environmental clearance.
It moved the application as the high court on May 27 had kept in abeyance a letter issued by CIL cancelling the e-auction in which JPL had won 49,000 metric tonnes of coal to be mined from the two mines.
CIL put before the bench three options – selling the coal by way of a fresh e-auction, selling it to those companies with whom the public sector unit has a fuel supply agreement or sale to National Thermal Power Corporation Ltd (NTPC) – and asked the court which method should it go for.