Coal-based industries in Odisha are facing acute shortage of the fossil fuel which is affecting operations of several captive power plants in the state, industrialists said on Saturday.
Captive power plants (CPPs) in Odisha are in a bind over acute shortage of coal which is affecting their operations.
India’s coal import rose 9.7 per cent to 156.08 million tonne (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the corresponding months a year ago, according to mjunction services Ltd, a joint venture between Tata Steel and SAIL.
A shortage of coal, coupled with a shortfall in rail rakes, is significantly pushing up production costs for domestic primary aluminium manufacturers. The cost of power accounts for 45 per cent of the total cost for the industry.
The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing.
The Enforcement Directorate (ED) on Tuesday said it has attached assets worth over Rs 1.17 billion of a company in connection with its money laundering probe in the coal blocks allocation scam case.
The Delhi High Court on Tuesday directed the Central Bureau of Investigation (CBI) to bring the original record and investigation files related to the preliminary enquiry (PE) and case registered against the alleged ‘artificial over-pricing’ of coal imports being done by various power generation companies. The court has directed the probe agency to bring these…
Bringing relief to thermal power plants owned by Tata, Adani and Essar groups, the Gujarat government Saturday passed an order to allow pass-through of higher cost of coal to end consumers, a source said.
In an embarrassment to the CBI, a Delhi court on Friday said the agency was not maintaining secrecy in the investigation of the coal scam, despite the Supreme Court’s direction, and the information was being shared by the agency officials with outsiders.
Former Coal Secretary H C Gupta and two other officials working with the coal ministry concealed information from the then Prime Minister Manmohan Singh and misrepresented facts while recommending a private company for allotment of a coal block, a Delhi court said Friday.