India Warns ArcelorMittal, GVK Coal It May Take Back Mines: PTI

India may take back coal mines allocated to ArcelorMittal (MT), GVK Power & Infrastructure Ltd. (GVKP) and other companies if they do not start work on them immediately, Press Trust of India reported today, citing a government letter.

ArcelorMittal and GVK Power were jointly allocated a coal block in Seregarha in the eastern state of Jharkhand for exclusive use, Press Trust said.

Bhushan Power & Steel Ltd. and DCM Shriam Consolidated Ltd. were also asked to develop coal and lignite properties allocated to them, the news agency said.

To contact the reporter on this story: Karthikeyan Sundaram in New Delhi at kmeenakshisu@bloomberg.net

To contact the editor responsible for this story: James Gunsalus at jgunsalus@bloomberg.net

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