News Brief | October 2014
214 Coal Block Allocations Cancelled
The Supreme Court has cancelled all but four of 218 coal block allocations by the government over the past two decades, in a tough verdict that has major implications for the energy sector. Most power, steel and cement companies that won coal blocks between 1993 and 2011 will have to return them. The government is now free to auction or allot the blocks to central firms. A bench led by Chief Justice RM Lodha spared four coal blocks used for mega power projects by Reliance Power and NTPC and Steel Authority of India.