CoalMin Warns NTPC of Deallocation of Blocks

The government on Wednesday warned two firms, including NTPC, for delays in developing their coal blocks, saying that they would be taken back if no immediate action is taken by the companies to rectify the situation. Power major National Thermal Power Corporation (NTPC) was warned for two coal blocks each in Jharkhand and Chhattisgarh,and Utkal Coal for its block in Orissa. The allocatee (s) are hereby warned and further directed to take immediate action to develop the coal block (s) as per milestones fixed for different activities.In case of failure to achieve milestones ... action will be initiated as per the terms and conditions of allocation including de-allocation of the coal block(s), the Coal Ministry said.