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COAL BLOCK WINNERS
DVC, six firms win coal blocks in 12th commercial mining auctionDamodar Valley Corporation and Orissa Alloy Steel Pvt Ltd are among the seven companies that have secured coal blocks in the 12th round of ...- Cabinet approves commercial coal mining policy; auctions soon: Sources“The auction methodology based on revenue-sharing model has been approved by the Cabinet,” sources said adding the formal announcement is l...
- Coal auctions under current round to fetch four states Rs 43,000 croreThe highest revenue of about Rs 37,000 crore will go to Odisha, where Vedanta was the highest bidder at Rs 1,674 per tonne for the Jamkhani...
- Block winners can use coal at any plant nowEarlier, operators were tied to the plant specified during the auction.
- Govt to take bigger revenue share from coal sold in open marketBlocks will be awarded on the basis of the highest share of revenue offered to the government.
- Coal block auction unlikely in 3 months: Coal secretary Anil Swarup"Right now markets do not justify auction of coal blocks. Last round of auction has not seen many takers," coal secretary Anil Swarup said.
- Government to allot 16 coal blocks for commercial mining to state companies by AugustEight blocks will be awarded to state utilities within the state, while the remaining eight will be allotted to state utilities other than ...
- Government expects all operational coal blocks to resume work by JulyEMTA had exclusive mining rights over the coal blocks before it was cancelled on the Supreme Court’s directions and was later won by state-...
- Government ends coal block lease issues; 10 mines to start operations by March 2016The government has ironed out issues related to transfer of mining leases and grant of forest clearances to coal block winners.
- Many auctioned coal blocks yet to take off; only seven blocks out of 11 start operationsOf the 11 operational blocks auctioned out of a total 34, only seven have started operations so far, annoying block al ottees who had made ...
- Coal auction: Govt names 8 winners in second lot; withholds 6 namesThe names of successful firms pertaining to six coal blocks that went under the hammer in the second lot are missing from the govt's list o...
- 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 ...
- Winner's curse haunts coal blocks saleIn the power sector, the surprise winner was state-run Durgapur Projects, which bagged the Transdamodar coal block in West Bengal after a t...
- JP outbids Balco, Hindalco and Ultratech Cement for its Madhya Pradesh mineThe mine with one million tonnes per annum of reserves previously belonged to West Bengal Mine and Development Corp.
- NTPC will bid for coal blocks in next auctions: Top executiveThe auction follows the Supreme Court’s September order cancelling 214 coal blocks over charges of irregularities.
- Coal ministry looking at Rs 150/tonne floor price for auctioning minesThe floor price of the blocks would be worked out by computing their net present value (NPV) through the discounted cash flow method.
- Government appoints firm to find ways to offset any spike in power production costs after e-auction of coal blocksThe government has appointed a consultancy firm to find ways to cushion power companies against a rise in generation costs after they buy c...
- Panel to seek Cabinet nod for coal reserve price methodologyAn inter-ministerial panel today decided the methodology for fixing the reserve price for coal auction and will seek the Cabinet approval f...
- Coal: Inter-ministerial panel meet tomorrow to decide reserve price37 running mines produced about 38.14 million tonnes of coal in 2013-14, while the five others are likely to chip in with another 5.85 mill...
- Government appoints committee to assess compensation for coal blocksThe panel, which will also compromise officials of ministries of coal, power, finance and law, will submit its recommendations by November ...
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