COAL & MINES

Jharkhand CM Soren asks Coal India to pay Rs 56,000 cr outstanding dues

Jharkhand Chief Minister Hemant Soren on Friday asked Coal India 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 Hemant Soren asked the CIL Chairman to initiate steps for immediate payment of Rs 56,000 crore by Coal India to Jharkhand 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.

Source
business standard
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