The CIL chief said that as many as 49 coal blocks with promised reserve of five billion tonnes have been given on lease for captive purpose to various user industries. However, the total raising from these mines is only eight million tonne per annum. At this rate, it would take 600 years to exhaust the reserve, he said.
The government is getting only dead rent on many of the coal blocks as the lease holders are keeping them idle. The user idustries are not investing in the development of the mines and depend on CIL for their coal requirement.
The lease holders are interested to trade with the coal rather than use it for their captive use. They are perhaps waiting for the trading right on the coal.
We have been considering to discipline the captive coal block lease holders the CIL chairman said on the sidelines of Confederation of Indian Industries (CII)-organised panel discussion on Eastern states as global hub for mineral and metals, here Friday.