Meghalaya: Auctioning of 2 lakh MT coal to start soon

Syllad | The Rising MeghalayaJune 18, 2020

Chief Minister Conrad K Sangma on Thursday informed that auctioning for transportation of 2 lakh metric tonnes of already extracted coal will start within 10 days.

Sangma told reporters that the state government has already finalized the entire procedure for auctioning of coal during a recent meeting held with the Coal India Limited (CIL) and Metal Scrap & Trading Corporation Ltd (MSTC).

“Now that the MSTC has cleared the entire process, I hope that we can initiate the actual auctioning process in about a week or 10 days time,” said the Chief Minister.

It may be mentioned here that the NGT committee in March this year, had approved on a pilot basis for auctioning of 2 lakh MT out of the 32 lakh MT of coal in the state. This was based on the Supreme Court’s ruling passed on July 3, last year.

Of this, 75,000 MT of coal is in East Jaintia Hills, 50,000 MT – West Khasi Hills, 25,000 MT – South West Khasi Hills and 50,000 MT – South Garo Hills.

The state is expected to generate revenue amounting to Rs 20 crore from the 2 lakh MT of coal approved while roughly Rs 500 crore from the transportation of 32 lakh MT of coal.