India's top private and government companies in key industries - power, steel and cement - are keeping their fingers crossed, fearing cancellation of coal mines allotted to them years ago.
The Supreme Court will deliver on Wednesday its verdict on how 193 coal blocks "illegally" allocated between 1993 and 2010 should be treated.
The apex court had said last month the coal blocks were allocated illegally and arbitrarily since by various regimes at the Centre on the recommendation of a bureaucrats' panel.
The court, which had condemned the procedures adopted by 36 screening committee meetings, however, had stopped short of cancelling them, saying, "what should be the consequences, is the issue which remains to be tackled".
Now, the fate of 193 mines, some of which were given about two decades ago and haven't started hauling coal yet, hang in balance.
The potential investments that may get affected together could top Rs. 2 lakh crore.
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