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favour private companies. “The agency is also probing whether the officials of these PSUs were also involved,” the official added.
Coal block allocations became controversial after the Comptroller and Auditor General in its 2012 report estimated that the exchequer suffered a notional loss of Rs 1.86 lakh crore on the basis of administrative allocations rather than auctions.
The Talabira II coal block has reserves of about 153 million tonne. It was allotted to Hindalco, along with the other two PSU, for captive power production of 900 MW for its greenfield aluminium project in Orissa.
This is the first FIR from the preliminary enquiry into allocation of coal blocks and awarding of contracts for formation of joint ventures by government companies under the Government Dispensation Category from 1993 onwards, CBI officials said. The previous 13 FIRs registered by the CBI were from the enquiry that looked into allocations made during 2006-09.