In partnership with different US firms, two companies belonging to Reliance Anil Dhirubhai Ambani Group (ADAG) have submitted competing bids for a single project floated by the Ministry of Coal.
In her address to a joint sitting of Parliament, Patil said coal is the main source of energy in India and the government has allocated 158 blocks with reserves of almost 40 billion tonnes to public and private sector companies in power, cement and sponge iron for captive use. Coal-abundant India has been pushing for the $6-8 billion coal-to-liquid project to cut its dependence on imported oil.
JSPL is under CBI lens for giving wrong information about its land, water supply and previous allocations to get coal block in Jan 2008.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
Coal Ministry has slapped showcause notice on North of Arkhapal Srirampur coal block allocated to the project in Odisha.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
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