Earlier, operators were tied to the plant specified during the auction.

Blocks will be awarded on the basis of the highest share of revenue offered to the government.

"Right now markets do not justify auction of coal blocks. Last round of auction has not seen many takers," coal secretary Anil Swarup said.

Eight blocks will be awarded to state utilities within the state, while the remaining eight will be allotted to state utilities other than ...

EMTA had exclusive mining rights over the coal blocks before it was cancelled on the Supreme Court’s directions and was later won by state-...

The government has ironed out issues related to transfer of mining leases and grant of forest clearances to coal block winners.

Of the 11 operational blocks auctioned out of a total 34, only seven have started operations so far, annoying block al ottees who had made ...

The 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...

Award 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 ...

In the power sector, the surprise winner was state-run Durgapur Projects, which bagged the Transdamodar coal block in West Bengal after a t...

The mine with one million tonnes per annum of reserves previously belonged to West Bengal Mine and Development Corp.

The auction follows the Supreme Court’s September order cancelling 214 coal blocks over charges of irregularities.

The floor price of the blocks would be worked out by computing their net present value (NPV) through the discounted cash flow method.

The government has appointed a consultancy firm to find ways to cushion power companies against a rise in generation costs after they buy c...

An inter-ministerial panel today decided the methodology for fixing the reserve price for coal auction and will seek the Cabinet approval f...

37 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...

The panel, which will also compromise officials of ministries of coal, power, finance and law, will submit its recommendations by November ...