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

13 Apr 2022 CW Team

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

Infrastructure Urban

17 Sep 2025

ICMM CEO Rohitesh Dhawan Visits Hindustan Zinc

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, hosted Rohitesh Dhawan, President & CEO of the International Council on Mining and Metals (ICMM), at its flagship Sindesar Khurd Mine (SKM) in Rajasthan. The visit follows Hindustan Zinc’s induction as the first Indian company into ICMM, marking a significant milestone for India’s mining sector on the global sustainability stage.Dhawan, accompanied by run Misra, CEO of Hindustan Zinc, and the senior leadership team, toured Sindesar Khurd Mine – the world’s fourth-largest silver-producing mine – to ..

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..