This is because the government’s move might dim the possibility of taking over the 42 blocks permanently.
On Tuesday, Coal India shares fell 1.57 per cent on the BSE to close at Rs 355 apiece. Some investors had expected the 42 blocks would go to Coal India.
“It appears that even if the operative mines come to CIL, it will be only an interim arrangement, before those are given out for auction.
"It does not make sense to fix the modalities and put up a mechanism to run the mines only as an interim arrangement,” said a senior company official.
“If CIL has any role to play for an interim period, I don't know how the company will absorb the workforce of different operating mines under different companies for a temporary period,” he added.
The Supreme Court had earlier scrapped the allocation of all but four of the 218 coal blocks awarded between 1993 and 2010.
The apex court allowed 42 operating blocks time until end-March 2015
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