Wednesday, September 24, 2014

Companies and Coal blocks affected by Supreme Court order for cancellation

Coal Blocks Cancelled by Supreme Court
In the landmark judgement of Supreme Court to cancel 214 of the 218 coal blocks alloted since 1992, there are some big names who are going to be affected severly. Baring NTPC, SAIL & RPower the verdict is negative for all the public - private companies. 

Among the lot the most affected were Jindal Steel and Power, Jaiprakash power Limited, Hindalco, CESC, Usha Martin as their operational coal blocks have been cancelled. Beside that many non-operational coal blocks were also cancelled which had already seen significant amount of investments by the holding companies such as Mahan Coal block of Hindalco Industries.

Following is the list of major operational and non-operational coal blocks that were cancelled and the company which will be subsequently affected.

Operational Coal Blocks:

Company                                                  Block                                Production
JSPL (Jindal Steel & Power)                   Gare Palama 1                    6.0 mtpa

JSPL-JPL (Jaiprakash Power)                 Gare Palama 2-3                 6.0 mtpa

CESC                                                       Sarshatali                            2.9 mtpa

Hindalco                                                  Talabira 1                            2.3 mtpa

Monnet Ispat                                            Gare Palama 5                    1.0 mtpa

Prakash Industries                                   Chotia                                  1.0 mtpa

Usha Martin                                             Kathautia                           0.8 mtpa

Non-Operational Coal Blocks where significant amount of investments were already made and were about to start production soon:

Company                                   Block

Hindalco                                   Mahan

Tata Steel                                 Ganeshpur

Usha Martin                             Lohari

JSPL                                        Jitpur, UTKAL B1

Balco                                       Durgapur 2

JSW Steel                               ROHNE

Monnet Ispat                          UTKAL B2

Nalco                                      UTKAL E

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