Tuesday, April 12,
Government is likely to give final forest clearance to 50 coal blocks soon.*This will bring relief to companies such as Jindal Steel , Reliance Power , Monnet Ispat, SAIL , NTPC and Hindalco Industries, who have invested huge amount in setting up palnts attached to coal blocks falling in ‘no-go’ areas.
The coal blocks, owned by thirty-odd companies, hold reserves of at least 6,700 million tonnes.
Among the projects that will benefit from the decision are NTPC’s Pakri Barwadih coal block with 1,600 million tonnes reserves, Reliance Power’s Chhatrasal and Sasan power projects of 4,000 mw each, and Jindal Power’s 2,400 mw Tamnar power project.
Mining and energy utilities of Chhattisgarh, West Bengal, Madhya Pradesh, Karnataka, and Orissa are now hopeful of a favorable decision regarding some coal blocks in these states
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