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Coal India hold 136 coal blocks to hand-over to private companies to manage extraction. Of the 40 that have been allocated to date, only three have started up production.
Coal India has arranged a meeting at the end of the month to introduce a system to guarantee early production from the coal reserves, Asia Pulse reported.
One proposed system was transparent competitive bidding to ensure early production from allocated blocks, with a penalty clause for delayed production.
Coal India chairman Shri Sashikumar told Asia Pulse adequate precaution would be taken while allocating the remaining 96 coal blocks.
