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
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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
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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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