CCEA nods one-time option to surrender non-operational coal mines
POWER & RENEWABLE ENERGY

CCEA nods one-time option to surrender non-operational coal mines

The Cabinet Committee on Economic Affairs (CCEA) announced that it had approved providing a one-time window to the central and state public sector undertakings (PSUs) to surrender non-operational coal mines without forfeiture of a bank guarantee.

The Ministry of Coal said that the Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi approved the proposal during its meeting.

Many coal mines that the present government companies are not in a position to develop or are disinterested in could be put for sale as per the recent auction policy of the government.

The government firms would be provided three months to surrender the coal mines from the date of publication of the approved surrender policy.

After cancelling the coal block allocations by the Supreme Court (SC) in 2014, to avoid the disruption of coal supplies to thermal power plants, the government allotted many cancelled coal mines to PSUs through an allotment route.

Last year in December, 45 of 73 coal mines allotted to government companies remained non-operational, and the due date of commencement of mining operations in 19 coal mines is already over. The delays were beyond the control of the PSUs. The delays can be due to the court's law and order issues, the resistance of land-holders against land acquisition, geological surprises in terms of coal availability, etc.

The early operationalisation of coal blocks will provide employment opportunities, boost investment, contribute to the economic development of backward areas or rural areas in the country, reduce litigation and promote ease of doing business, leading to a reduction in the import of coal in India.

Image Source

Also read: CIL gets 100% booking in first single-window e-auction

The Cabinet Committee on Economic Affairs (CCEA) announced that it had approved providing a one-time window to the central and state public sector undertakings (PSUs) to surrender non-operational coal mines without forfeiture of a bank guarantee. The Ministry of Coal said that the Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi approved the proposal during its meeting. Many coal mines that the present government companies are not in a position to develop or are disinterested in could be put for sale as per the recent auction policy of the government. The government firms would be provided three months to surrender the coal mines from the date of publication of the approved surrender policy. After cancelling the coal block allocations by the Supreme Court (SC) in 2014, to avoid the disruption of coal supplies to thermal power plants, the government allotted many cancelled coal mines to PSUs through an allotment route. Last year in December, 45 of 73 coal mines allotted to government companies remained non-operational, and the due date of commencement of mining operations in 19 coal mines is already over. The delays were beyond the control of the PSUs. The delays can be due to the court's law and order issues, the resistance of land-holders against land acquisition, geological surprises in terms of coal availability, etc. The early operationalisation of coal blocks will provide employment opportunities, boost investment, contribute to the economic development of backward areas or rural areas in the country, reduce litigation and promote ease of doing business, leading to a reduction in the import of coal in India. Image Source Also read: CIL gets 100% booking in first single-window e-auction

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?