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Goa's to Take over Dongri Tal II Coal Block at Singrauli in MP by Month End

Coal News - Published on Tue, 15 Oct 2019

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Goa’s Industries minister Mr Vishwajit Rane said that the state government is yet to grant financial approval for the acceptance of the Dongri Tal II coal block allotted to Goa Industrial Development Corporation at Singrauli in Madhya Pradesh and that once the financial approvals come through, GIDC would go ahead and ink an agreement with the Union coal ministry to take over the allocated coal block for utilisation. He said “There is a certain financial approval that is required. We have taken time till October 30. The chief minister is in the know and he will do what is right.”

The state needs to accord financial approval since GIDC will have to pay a bank guarantee of around INR 180 crore in order to takeover the mine for use. Rane had earlier announced that GIDC would rope in validated consultants to help the state with the coal block utilisation.

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Posted By : Rabi Wangkhem on Tue, 15 Oct 2019
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