A Delhi court on Monday granted bail to industrialist and Congress leader Naveen Jindal and 14 others, accused of money laundering in a case pertaining to irregularities in the allocation of a Jharkhand coal block.
The recent UN’s IPCC report gives India a “huge” opportunity to develop differently and also stresses the need to make smooth and viable transition from coal, two professors, who were part of the technical support unit of the IPCC have said.
Coal India Ltd (CIL) has dispatched over 84 per cent of its coal to the power sector till October 12, 2018, the miner said Saturday.
The government has told coal companies to immediately ramp up production even as it slammed their executives for not reviewing production regularly, as coal availability remains a worry.
Banks will have to take a 40-50 per cent haircut on stressed coal-based power projects in order to safeguard and enhance the viability on a sustained basis, says ratings agency CRISIL.
NLC India Ltd, a coal mining PSU (Public Sector Unit), has received the go-ahead from its board for the company’s promoters to buy back 141.9 million equity shares, which is 9.28 per cent of the total equity shares.
India’s coal import increased substantially by 35 per cent to 21.1 million tonnes (MT) in September, as against 15.61 million tonnes in the corresponding month previous fiscal.
Coal India has to shell out Rs 15-16 billion towards performance linked bonuses for its 209,000 employees, a top company official said Friday.
A special court has imposed a fine of Rs 200,000 on a director of Adhunik Corporation Ltd, accused in a coal scam case, for violating bail conditions by going abroad without its prior permission.
Coal India is in talks with an Australian coal mining company to pick up a stake in the range of 20-30 per cent. If the deal materialises, it will ensure a steady supply of coking coal to Indian steel and allied companies.