Two of the four spared from scrapping belongs to Madhya Pradesh and the remaining two from Jharkhand. These are the government-run non-joint ventures and were allocated to PSU-SAIL, NTPC and two for Ultra Mega Power Projects.
The Supreme Court further said that the government is set open to re-auction the cancelled coal mines.
The Supreme Court has given six months time to the holders of currently operational 42 coal blocks as the ‘breathing time’ and ordered them to pay Rs. 295 per metric tonne as the compensation.
The Supreme Court said that the blocks were allocated illegaly.