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cr123439

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The actual exploration on ground could not however be undertaken for this year too due to operational issues. Delay is made due to internal change of Management as the Bhushan is recently taken over by Tata Steel. The new management is in process of regularizing the business and bringing stability of the company. A team of the company consisting technical experts had visited Australia last year when they met the officials of DNRM at Coal Hub, Rockhampton on 01.11.18 and discussed in details. In the meeting approximately 6-8 months time was sought for taking further decision and formulating future plan. But due to some embargo imposed by Reserve Bank of India, the requisite fund for such activities could not be transferred to Australian account and so the activities could not be initiated on ground. E{C 25548 expired on 19 October 2019.

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2021-04-06
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