Government will decide the fate of three coal blocks won by JSPL, Balco and BS Ispat, which came under the scanner for receiving low value bids, after an Inter-Ministerial Committee report.
The final decision on these blocks will be taken after the Committee finalises its report, said Power Minister Piyush Goyal has said.
These three coal blocks - Gare-Palma-IV/2 and 3, Gare-Palma-IV/1, all in Chhattisgarh and Marki Mangli-III in Maharashtra were auctioned during the first phase.
After complaints pertaining to these mines including questions on bidding price, the government asked nominated authority to re-examine them.
The government had recently auctioned 19 coal blocks in the first tranche and 14 out of 15 in the second tranche, assuring over Rs 2 lakh crore revenue to states. Jindal Steel and Power (JSPL) was the successful bidder for Gare Palma IV 2 and Gare Palma IV 3 mines, while Balco successfully bid Gare Palma IV/1 mine and BS Ispat bagged Marki Mangli III mine.
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