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Eight PSUs surrender 11 non-operational coal mines

By IndianMandarins- 26 Jul 2022
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New Delhi (26.07.2022): Eight PSUs have submitted requests to surrender 11 non-operational coal mines under an amnesty scheme. Coal Minister Pralhad Joshi told Rajya Sabha that the government has received requests for surrender of 11 coal blocks allotted to three Central PSUs and five state PSUs following the policy being issued.
The government had earlier allowed PSUs to surrender non-operational coal mines without giving any reason. The government had said that the move would release several coal mines which the PSU allottees were not in a position to develop or were disinterested and could be auctioned as per the auction policy. It had granted three months’ time to the allottee government companies to surrender the coal mines from the date of publication of the approved surrender policy.

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