The Enforcement Directorate on Saturday said it has filed a chargesheet against industrialist Naveen Jindal, a former Lok Sabha MP, his company Jindal Steel and Power Ltd (JSPL) and others for money laundering in its probe into the coal block alloacation case.
The big bright spot for US coal miners is located halfway around the world.
A vessel carrying a shipment of coal from the United States switched its destination to Singapore on Wednesday afternoon from China, according to Thomson Reuters Eikon ship tracking data.
Ruling out any coal shortage at city-based thermal power plants, Coal Minister Piyush Goyal today said the AAP-led Delhi government should focus on strengthening distribution infrastructure to meet current electricity demand as well as of future.
The AAP government has written to Union Power Minister R K Singh that Delhi was staring at a power blackout due to the fast depleting coal stockpiles at power plants in the city and has urged him to take up the issue with the Railways which transports coal to the national capital.
Prime Minister Narendra Modi’s administration is planning to offload a stake in state-run Coal India Ltd to speed asset sales after a disastrous attempt to find a buyer for the cash-strapped national airline, people with knowledge of the matter said.
The opening up of private investment in general-purpose wagons (GPWS) by the railways has invoked interest from at least eight big companies. These are from cement, steel, iron ore and aluminium sectors.
The claim of the Nabha Power to shut down its 750 mw plant at Rajapura in Punjab due to inability of the Coal India to offer coal is not true, a CIL official said.
The Indian Railways has posted a 7.26 per cent rise in its freight traffic during April-May this fiscal with coal traffic showing considerable increase because of rise in power demand in the last two months.
Coal India Ltd, the country’s largest miner, on Tuesday posted 52.3 per cent dip in consolidated net profit to Rs 12.95 billion for the fourth quarter of last fiscal ended March 31, on higher employee cost.