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Coal block allocation to hit investments in WB
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Thursday, 17 Dec 2009
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BL reported that Mr Sabyasachi Sen West Bengal Industry Secretary told media persons that the Center’s proposal for open auctions of coal mines for captive use and foregoing of the State open dispensation route was likely to affect industrial projects requiring coal in West Bengal.

Mr Sen said that “The proposed projects which may be affected are Vedanta's proposed aluminum plant, petrochemical factory by South Asian Petrochem, Poly silicon project by Bhaskar Group and the steel proposed projects by Bhushan Steel, Videcon and Shyam Steel.”

He said that out of the 9 coal blocks proposed to be given to West Bengal under the State dispensation route, three, Kulti, Sitarampur and Ichhapur had so far been allotted to the State.

(Sourced from Thehindubusinessline.com)

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