Coal Ministry has terminated the fourth round of coal allotment process in accordance with the clause 4.1.3 of the allotment document.
The underlying rule authorises Coal Ministry the right to postpone, cancel or call for fresh application for the entire allotment process without specifying any reason, at its own initiative or in response to any direction from the central government.
Tranche 4 of the coal block allotment was envisaged to allot coal block to government companies for the purpose of own consumption for generation of power under the Coal Mines (Special Provisions) Act, 2015.
The ministry had listed a total of 6 coal blocks for allotment, having two blocks each from Jharkhand, Odisha and Chhattisgarh.
Accordingly, allotment process initiated for Mandakini, Utkal-C, Durgapur II Saria and Durgapur II Taraimar, via vide notice inviting application on 11 Jun’18, now stands cancelled.
Allocation of coal blocks takes places in two ways either by allotment or by auction process. However, both these modes have not witness favourable outcome in recent times.
The coal ministry had previously terminated 6th and 7th tranche of coal block auction earlier in Mar’19.
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