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COALBLOCK
Nalco shares surge on strong Q4 performanceShares of National Aluminium Co (Nalco) surged by over 5% as its Q4 revenues and profits beat market estimates. The Indian government-run f...- SC notice to govt on PIL in mining lease caseNot only should the allottees be prosecuted, but the market value of the mined mineral also be recovered from them, the PIL demanded.
- Coal ministry cancels mining license to Jaypee after sale of end-use plant to UltratechJaypee Cement sold three of the four projects attached to the Mandla South block in Madhya Pradesh, without the right to cola block, to Ult...
- Government looks to award coal blocks on production or revenue sharing modelThe committee will be headed by former chief vigilance commissioner Pratyush Sinha, and Arundhati Bhattacharya and exchief of Union Bank of...
- Government to auction 10 coal mines to steel, cement firms in next roundThe government will invite technical and financial bids for the mines and the last date for submission of the documents will be July 21.
- Advocate ML Sharma files petition in Supreme Court seeking cancellation of coal blocks sale to private power firmsPetition has alleged that auction process created financial loss to treasury as the floor price fixed by government at Rs 150 per tonne for...
- Coal auction: 7 mines in Chhattisgarh, 6 in Madhya Pradesh are on offerThe Union Cabinet on December 24 had approved re-promulgation of the coal ordinance and necessary guidelines for mine allocations.
- After pitch-dark 2014, coal aims to discard scam taint in 2015The companies that had got these mines claim to have invested close to Rs three lakh crore in the coalblocks and further Rs four lakh crore...
- Controversies, concerns and cancellations: Coalbazaari in 2014In a historic judgement, the Supreme Court this year cancelled 204 mines alloted since 1993, while terming those allocations as flawed.
- Ambiguous phrasing of coal rules can be misread: ExpertsThe phrasing creates an outcome where companies become eligible for an allotment even if they just intend to bid for a power project.
- Indiabulls Power promoter Rajiv Rattan denies speculations about looking to exit power businessIndiabulls Power is building 5,400 mw of coal-based power projects at Amravati and Nashik in Maharashtra. Of that, it has already commissio...
- Government ready with Plan B if Supreme Court cancels coal blocksPower ministry has altered a note for consideration to accommodate a proposal to supply imported coal to power plants linked to coal mines.
- NTPC, GVK Group, Jaipraksah Associates' soon-operational coalmines likely to be sparedGovernment asked SC to spare 40 operational captive coal blocks & 6 other mines that are set to start production soon from cancellation.
- BJP counter attacks Rahul Gandhi on land allotment issueRahul had accused the BJP Prime Ministerial aspirant of giving away land to industrialists at throwaway prices. He had also dubbed the Guja...
- Odisha government should protect allocated coalblocks: Naveen JindalJSPL requested Odisha govt to protect coal blocks allocated to industries in state and said its 6 mtpa steel mill at Angul is all set to be...
- Coal ministry to appoint additional JS to cope with increased workloadThe coal ministry will create a new position at the joint secretary level to handle increased workload post coalgate scam. A team of about ...
- Sripakash Jaiswal denies scam in coal, to specially consider Odisha caseThe government allocated coal blocks to private players as done by previous governments.
- JSW Steel, Hindalco, Tata Power down on coalblock deallocationShares of JSW Steel, Hindalco and Tata Power today tanked on the BSE following the government move to deallocate one more coal mine.
- Env Min clears 6 coalblocks for 3 power plants in OrissaEnvironment Ministry on Wednesday cleared six coal blocks, including five in such areas, for three major power plants in Orissa.
- Mittal, Posco, SAIL, Tata, all have to queue up for coalblocksThey may commit investments of thousands of crores but Mittal, Tata or SAIL will have to bid like anyone else if they want coal blocks for ...
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