JSW, Bhushan, Monnet lose coal mines
With regard to North Dhadu coal block jointly allocated to four firms, including Adhunik Alloys & Power and Electrosteel Castings said, the ministry said, "It has been decided to deallocate the North Dhadu coal block...In addition, it is further recommended by IMG the Bank Guarantee is complete is also forfeited (Rs 56.03 crore).
A total of 58 mines were issued show-cause notices for their failure to develop blocks within stipulated timeline.
The government had formed the IMG in July to review progress of coal blocks allocated to firms for captive use.
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