Jharkhand CM Soren Asks Coal India To Pay Rs 56,000 Cr Outstanding Dues

Chief Minister on Friday asked for immediate payment of Rs 56,000 crore outstanding dues in lieu of government land allotted to it for mining.

A delegation of domestic coal giant, headed by its Chairman and Managing Director, Pramod Agrawal had called on Soren here.

Coal India, the world's largest dry-fuel miner accounts for over 80 per cent of domestic production.

"In the course of the meeting, Chief Minister asked the CIL Chairman to initiate steps for immediate payment of Rs 56,000 crore by to in lieu of land allotted to it for mining," a state government spokesperson said after the meeting.

The chief minister also stressed that the behemoth should start paying royalty on coal to the state on ad valorem basis.

Soren also asked Agrawal to ensure extensive plantation work in the area where mining takes place besides coming forward to work towards health sector including suggestions on operation of Super Specialty Hospital by CCL.

Expressing serious concern over slow progress in Jharia rehabilitation work, the CM urged for expediting it.

Meanwhile, a statement from the state government said that the Chairman assured the CM to consider the issues raised in a positive manner.

Agrawal urged Soren to solve problems related to land pertaining to ECL's Rajmahal project, land verification of CCL, forest lease etc besides ensuring smooth transportation of coal in Amrapali project.

The chief minister assured to consider the demands positively, the statement said.

Chief Secretary, Sukhdev Singh, Principal Secretary to Chief Minister Rajiv Arun Ekka, Secretary to Chief Minister Vinay Kumar Choubey, Advocate General Rajiv Ranjan, Chairman-cum-Managing Director of Eastern Coalfields PS Mishra and CCL CMD P M Prasad were also present on the occasion.

Limited (CIL) is the single largest coal producer in the world and one of the largest corporate employer with manpower of 272445 (as on 1st April, 2020).

CIL functions through its subsidiaries in 84 mining areas spread over eight (8) states of India including Jharkhand.

CIL has seven producing subsidiaries namely Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfields Limited (NCL)and Mahanadi Coalfields Limited (MCL) and One mine planning and consultancy company that is Central Mine Planning $@$# Design Institute (CMPDI).

In addition, CIL has a foreign subsidiary in Mozambique namely Coal India Africana Limitada (CIAL). The mines in Assam i.e. North Eastern Coalfields is managed directly by CIL.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more

History Of Banking Evolution In The 21st Century

Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more