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GARE PALMA IV
JSPL starts coal production at Chhattisgarh's Gare Palma mine, to support Raigarh steel plant expansionJindal Steel & Power Ltd has announced that coal production has commenced at its Gare Palma IV/6 mine in Chhattisgarh. This will support th...- Jindal Steel & Power MD on expansion plans, capex and moreJSPL, the steel company, is focused on expansion and doubling the capacity of its plants in Odisha and Raigarh. The company plans to fund t...
- Adani, JSPL, Vedanta, 43 others bid for commercial coal mines"A total number of 82 bids from 46 companies have been received offline/ physically in the office of the nominated authority for 23 coal mi...
- Hindalco plans to prepay Rs 1,100 crore debt this monthThe company's overseas subsidiary Novelis also refinanced USD 4.3 billion of its long term debt. The annual cash interest expense stands re...
- Vedanta may bid for coal mines to meet energy requirementsThe move comes to fulfill energy need as power constitutes 40 per cent of the input cost of making aluminium metal and is major cost factor...
- Government to issue notices to Essar Power, Monnet Ispat over duesThe Tokisud coal block belonged to GVK Power before the Supreme Court cancelled its permit, along with those of several other companies.
- Coal India decision to cancel coal won by Jindal Power comes under Delhi High Court lensA bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva observed "this was not how the government should function" and asked CIL to com...
- Jindal Steel & Power Ltd to invest Rs 20,000 cr to augment power businessNaveen Jindal-led JSPL is looking to invest about Rs 20,000 crore in its power business to take the generation capacity to 8,600 MW in the ...
- Govt to Decide Fate of 3 Auctioned Coal Blocks on FridayIndustry bodies are expressing concerns that the review would impact the entire auction.
- JSPL puzzled over government's review of its coal block bids; stock tanks 9%The company faces the prospects of its bids for two blocks -Gare Palma IV 2 & 3 and Tara -being rejected for what is being described as “ve...
- Government holds back awarding 5 coal blocks from round II for examining low bidsAward of three producing blocks auctioned in round I has also been held back for similar reasons. A decision on those is likely to be made ...
- Power consumers to gain Rs 30,000 crore in long-term: Piyush GoyalAs per official estimates, auction of coal blocks will fetch over Rs 1 lakh crore, including royalty, to six states.
- Coal auction to raise Rs 1.47 lakh crore; boost jobs: Vedanta Chief Anil AgarwalAgarwal, who has been advocating for the auction of natural resources, said: "Auction in Oil & Gas, fertilisers, metals can kick-start econ...
- Coal auction process won't be delayed: Piyush Goyal on HC orderWith Delhi HC asking for removal of three coal blocks from the auction list, Piyush Goyal said the govt respects ruling & assured that the ...
- Vedanta bids for 14 coal mines; Aditya Birla Group, Adani Group, Naveen Jindal Group also in the frayVedanta put in as many as 25 bids through several group firms, with some mines getting multiple bids, according to data.
- Government to auction 40 more coal minesOf the 40 mines, 23 mines that are close to production, have been earmarked for auction, while 17 others, would be allotted directly.
- Coal block allocation scam: CBI registers case against Jindal Steel & PowerCBI spokesperson said the instant case is the outcome of PE registered on September 26, 2012 looking into allocations of coal blocks.
- Jindal Steel and Power Ltd to focus on long-term contracts, rejig business modelJSPL is redesigning its biz strategy, betting big on hydropower & taking an “investment holiday” in 2014-15 to reduce debts of the Naveen J...
- Power Ministry yet to nominate panel member to probe Jindal Steel and Power coal salePowerMin is yet to nominate a member which would be part of the panel set up to probe allegations of JSPL selling coal to third parties.
- IMG probing sale of coal by JSPL to submit report in 2 monthsThe inter-ministerial panel probing allegations of JSPL selling coal to third parties from mines allocated to it captive use, will submit i...
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