Login Register Contact Us

Coal news and updates

Goa Industrial Development Corporation’s Rs 196 crore coal block request hits finance department roadblock

13 Nov 2019

State finance department officials have informed GIDC that they are against a Goa Industrial Development Corporation (GIDC) proposal which seeks nearly Rs 200 crore from the government to pay the “performance guarantee” for a coal block that GID plans to operate. Sources also said that with the shrinking revenue situation,the government is not in a position to take on such liabilities and GIDC should explore other avenues for the funds needed for the performance guarantee, as required by norms sst by centre.
Source : https://timesofindia.indiatimes.com/city