PSUs

Cabinet okays policy for use of land acquired under CBA Act; CIL to remain owner of land

By IndianMandarins- 15 Apr 2022
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New Delhi (15.04.2022): Union Cabinet has approved the policy for use of land acquired under the Coal Bearing Areas (Acquisition & Development) Act, 1957 (CBA Act) with the objectives of facilitating utilization of land which are mined out or are practically unsuitable for coal mining and for increasing investment and job creation in the coal sector. The policy provides for utilization of such land for the purpose of development and setting up of infrastructure relating to coal and energy.
However, PSUs such as Coal India Ltd (CIL) and its subsidiaries shall remain owners of these lands acquired under the CBA Act and the policy allows only leasing of the land for the specified purposes given in the policy. Government coal companies can deploy private capital in joint projects for coal and energy related infrastructure development activities.
The CBA Act provides for acquisition of coal bearing lands and their vesting in government companies, free from any encumbrance. The approved policy provides a clear policy framework for utilization of lands that have been acquired under the CBA Act and that are no longer suitable or economically viable for coal mining activities or from which coal has been mined out and reclamation has been done.

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