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Arcelor Mittal
Private firms made windfall gain of Rs 1.86 lakh crore from coal blocks: CAG
Issue Date: Aug 17, 2012
The Comptroller and Auditor General's (CAG) final report on the allocation of coal blocks and coal production, says that the private sector made a windfall gain of Rs 1.86 lakh crore between 2004 till now. This happened because the government failed to implement its own decision to introduce competitive bidding for coal blocks that was taken years ago. A part of this profit would have gone to the public exchequer.
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