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Why some companies are favoured in mineral allocation?:SC to Centre

New Delhi: The Supreme Court today questioned the Centre on why certain companies are always favoured in the allocation of mines and minerals which has resulted in creating “monopoly” for them.At the outset of proceedings

PTI PTI Updated on: September 25, 2013 19:41 IST
why some companies are favoured in mineral allocation sc to
why some companies are favoured in mineral allocation sc to centre

New Delhi: The Supreme Court today questioned the Centre on why certain companies are always favoured in the allocation of mines and minerals which has resulted in creating “monopoly” for them.






At the outset of proceedings in coal block allocation scam, a bench headed by Justice R M Lodha said the names of the companies in the list of coal allottees are same as those figuring in other cases pertaining to extraction of iron ore mines.

“Same companies are there in iron ore mines cases also which I heard earlier. You are creating monopoly in hands of certain companies. Same companies are there whether it is
coal, iron ore or other resources,” the bench, also comprising justices Madan B Lokur and Kurian Joseph, said without naming the companies.

Attorney General G E Vahanvati, however, said that no rule was violated by the Centre while allocating coal blocks to companies.

He submitted that coal blocks allocation is merely a letter of intent and does not confer any right to the companies over the natural resource which is decided by the state government.

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