In accordance with the amendment carried out through Mineral Law Ordinance, the government has appointed Coal India Ltd as designated custodian to operate Parbatpur-Central coal block in Jharkhand state.
The block was allotted to Electrosteel Castings for coal mining purposes in Jul ’05. Later on, it fell into SAIL’s kitty after fresh auctions were conducted following the decision made to cancel the previous allocations by the Supreme Court.
However, citing various economic constraints faced in carrying out the mining operations, SAIL had surrendered the block last year.
With an extractable reserve of 50.98 mn t, Parbatpur-Central block would help CIL in attaining its aspirational production target, as it joins the list of blocks that are under its custodian.
These include: Marki Mangli-II (Maharashtra), Namchik Namphuk (Arunachal Pradesh), Gare Palma IV/1 and Gare Palma IV/2-3 in Chhattisgarh, Gotitoria (East) and Gotitoria (West) in Madhya Pradesh. Of which, excluding Gare Palma IV/2-3 and Namchik Namphuk, rest of the blocks have been put up for sale in commercial mining auction this term.
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