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Business News/ Industry / Energy/  Ask PSUs to ink pacts with Centre for mines: Coal Min to states
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Ask PSUs to ink pacts with Centre for mines: Coal Min to states

PSUs in Jharkhand, MP, Chhattisgarh can mine in three of 17 coal blocks allocated to the states for mining

File picture of a coal mine in Jharia, Jharkhand. Photo: Daniel Berehulak/Getty ImagesPremium
File picture of a coal mine in Jharia, Jharkhand. Photo: Daniel Berehulak/Getty Images

New Delhi: The coal ministry has asked states like Jharkhand, Madhya Pradesh and Chhattisgarh to advise the public sector undertakings (PSUs) which have been allocated coal blocks earmarked for mining to enter into pacts with the Centre.

“You are requested to advise the allocatee company/corporations...to enter into an agreement with the central government," the coal ministry said in letters to the chief secretaries of Odisha, Jharkhand, Bihar, Chhattisgarh and Madhya Pradesh. It has also asked them to advise the companies allocated mines to either form a special purpose vehicle (SPV) or joint ventures.

The development follows a coal ministry panel agreeing to allocate three coal blocks to mining PSUs including Jharkhand State Mineral Development Corp. and MP State Mining Corporation Ltd. The three coal blocks are part of 17 mines identified by the ministry for state-owned companies. It had earlier allocated 14 coal blocks to power sector firms.

The panel, chaired by the coal secretary, agreed to give Brahmani coal block in Odisha to Orissa Minerals Development Company Ltd (OMDC), Gowa coal block in Jharkhand to Jharkhand State Mineral Development Corp. (JSMDC) and Bihar State Mineral Development Corp. (BMDC), and Kerwa coal block in Chhattisgarh to Chhattisgarh Mineral Development Corp. (CMDC) and MP State Mining Corp.

In all, the ministry had received 41 applications from 17 state-owned companies for the blocks. Kickstarting the process of coal blocks allocation, the government had in June allocated 14 coal mines to central and state PSUs, including four to NTPC Ltd.

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Published: 08 Nov 2013, 11:17 PM IST
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