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UPFRONT PAYMENT COAL
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
Mitsubishi moves to exit NTPC projectMitsubishi, the Japanese conglomerate, is poised to exit a power project located in West Bengal, prompting discussions with NTPC regarding ...
Coal ministry transfers Rs 704 crore upfront payment to 6 coal-bearing states"The Ministry of Coal has transferred Rs 704 crore upfront amount received from auction of coal mines to these six coal-bearing states. Thi...
States get Rs 102.7 crore as upfront payment for coal minesThe amount towards upfront payment to the coal-bearing states i.e. Chhattisgarh, West Bengal, Madhya Pradesh and Odisha was sanctioned, an ...
Coal industry seeks easier norms for commercial blocksThe draft rules provide for minimum 70% production on an average over a three-year period, while yearly minimum production has to be 50%. P...
Govt mulling to reduce upfront payment for larger coal blocks to attract investorsThe matter had come up for discussion during the meeting of a high-level committee under the chairmanship of Niti Aayog Vice-Chairman, sour...
Demonetisation shuts out traders, small firms from coal e-auctionNo cash for coal: Drying up of payments from customers have depleted the cash in hand of these coal consumers and many are unable to make a...
Reconsider termination of Tokisud block, Essar Power requests coal ministryThe company has agreed to pay the final upfront payment of Rs 17.58 crore for the block it had won in an aggressive bidding along with a pe...
States get Rs 1,233 crore as upfront payment for coal mines"So far, a total of Rs 1,233.22 crore has been transferred to state governments of coal bearing states on account of Upfront Payment," an o...
Govt okays methodology to fix upfront payment for coal minesThe government last month approved allotment of coal blocks to PSUs for sale of the fossil fuel mainly to medium, small and cottage industr...
Process for 3rd round of coal auction may start next week"First tranche amount of Rs 466 crore goes to the states by way of upfront payment received from bidders in coal block auctions," Swarup ha...
States to get Rs 466 cr as first tranche from coal auctionGovernment has garnered over Rs 2 lakh crore by auctioning just 33 blocks in two phases, surpassing the Rs 1.86 lakh crore loss.
PSUs to pay Rs 100-150 per ton on coal besides upfront paymentBesides, they will not be permitted to use the coal extracted from mine for any purpose other than utilisation for Specified End Use.
Government to scrutinise applications for 4 coal mines by Jan 15Coal Minister Sriprakash Jaiswal had said that the much-awaited auction of coal blocks may happen in March.
Coal Ministry identifies 4 mines for tariff-based biddingUnder the newly-initiated bidding policy 17 coal mines -- 14 for power and three for mining -- were allocated to state government companies...
Coal blocks auction likely in March: Sriprakash JaiswalThe government is likely to hold coal block auction in March next year, Union Minister Sriprakash Jaiswal said today.
Auction of coal blocks to definitely take place this fiscal: Coal SecretaryCoal blocks will be put up for auction after bidders agree to a minimum work programme, an official statement said recently.
Coal blocks auction may be delayed further to MarchThe government had earlier allocated 14 coal mines to central and state public sector units, including four to NTPC, in July.
Government targets coal block auction by DecemberCoal Minister Sriprakash Jaiswal had said last month that the coal block auction is likely to be held in the next two months.
- Coal ministry to auction 54 blocks on upfront payment basis
The blocks with over 18,000 million tonnes of reserves would soon go under hammer in the first round of competitive bidding.