Govt approves 23 coal blocks to Essar, Ispat

Govt approves 23 coal blocks to Essar, Ispat
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First Published: Mon, Jul 07 2008. 01 31 PM IST
Updated: Mon, Jul 07 2008. 01 31 PM IST
PTI
New Delhi: The government is understood to have approved the allocation of 23 coking and non-coking coal blocks to leading steel, cement and power producers, including Essar, JSPL, Grasim, Monnet Ispat and Ispat industries.
While four coking coal blocks have been allocated in Madhya Pradesh, 19 non-coking blocks are in West Bengal, Madhya Pradesh, Chhatisgarh, Jharkhand, Maharashtra and Andhra Pradesh, a senior government official told PTI.
In its meeting held last week, the Screening Committee of the Coal Ministry, headed by Coal Secretary H C Gupta, decided to allocate the Behrabandh coking coal block to Vinod Mittal-led Ispat Industries on a sharing basis with Essar, Mukund Steel and Ind Synergy.
Of the total 170 million tonnes reserves, Ispat Industries was allocated 70 million tonnes, while Essar and Mukund got 53 and 25 million tonnes respectively. Orissa’s Ind Synergy got the rest.
Coking coal is a major raw material for steel making in addition to iron ore.
The committee has also approved the Urtan coking coal block, which has an estimated reserves of about 42 million tonnes, to Jindal Steel and Power Ltd and Monnet Ispat on a sharing basis.
The Urtan North coking coal block with an estimated reserves of about 54 million tonnes was approved for Bhushan Steel and Prakash Industries.
Of the major non-coking coal blocks, Moira and Madhujore (North and South) in West Bengal were allocated to Adhunik Group on a sharing basis with Uttam Galva, ACC, Vikas Metal and Power Ltd, Mideast Integrated and Ramsarup Lohh Udyog.
The block has a reserve of over 685 million tonnes, of which Adhunik Group was allocated the maximum 30% of total reserves.
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First Published: Mon, Jul 07 2008. 01 31 PM IST