The amount towards upfront payment to the coal-bearing states i.e. Chhattisgarh, West Bengal, Madhya Pradesh and Odisha was sanctioned, an ...

The draft rules provide for minimum 70% production on an average over a three-year period, while yearly minimum production has to be 50%. P...

The matter had come up for discussion during the meeting of a high-level committee under the chairmanship of Niti Aayog Vice-Chairman, sour...

No 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...

The 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...

"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...

The government last month approved allotment of coal blocks to PSUs for sale of the fossil fuel mainly to medium, small and cottage industr...

"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...

Government has garnered over Rs 2 lakh crore by auctioning just 33 blocks in two phases, surpassing the Rs 1.86 lakh crore loss.

Besides, they will not be permitted to use the coal extracted from mine for any purpose other than utilisation for Specified End Use.

Coal Minister Sriprakash Jaiswal had said that the much-awaited auction of coal blocks may happen in March.

Under the newly-initiated bidding policy 17 coal mines -- 14 for power and three for mining -- were allocated to state government companies...

The government is likely to hold coal block auction in March next year, Union Minister Sriprakash Jaiswal said today.

Coal blocks will be put up for auction after bidders agree to a minimum work programme, an official statement said recently.

The government had earlier allocated 14 coal mines to central and state public sector units, including four to NTPC, in July.

Coal Minister Sriprakash Jaiswal had said last month that the coal block auction is likely to be held in the next two months.

The blocks with over 18,000 million tonnes of reserves would soon go under hammer in the first round of competitive bidding.