"Other countries just want you to develop the coal blocks and are happy with the royalty. In India, even after setting up large end-use projects successfully following government's policies, if corporate India's investments would not be safe, then what is the surety of anything in future also? Is private sector in India the second grade corporate citizen compared to public sector?" asked Mr. Jindal, chief of $3.3 billion JSPL.

"The allocated coal blocks were actually difficult blocks with no infrastructure and Coal India did not have any plans to develop them. Private sector developed them. Now, after our hard work, if we are asked to give away these blocks, will it be fair? Why is Coal India more special than the private sector? Is it more efficient, paying any different royalty or Income Tax? CIL doesn't even set up any end-use project. CIL has 65 billion tonnes of coal resources. It is not operating its mines at 100 per cent capacity even after having all the clearances. We, on the other hand, are operating our mines at 100 per cent capacity," he added.

Corporates, who have successfully developed these blocks and large end-use projects after facing several years of land acquisition challenges, clearance issues and risks, need to be rewarded and encouraged. Around 4 lakh crore have been invested and lakhs of people are employed in these coal blocks and end-use projects, he said.

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