CCEA approves granting one-time window to government companies to surrender non-operational coal mines without penalty

The Cabinet Committee on Economic Affairs has approved the MoC’s proposal for providing a one-time window to the central and state PSUs to surrender non-operational mines without penalty and without citing any reason. This may release several coal mines which the present government PSU allottees are not in a position to develop or are disinterested, and could be auctioned as per the present auction policy. Three months’ time will be granted to the allottee government companies to surrender the coal mines.

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