The ministry of coal would allot 11 coal mines to state-owned Coal India Limited, which will add 225 million tonnes to the annual production capacity of the company by 2022.
The government is considering a plan to hand over control of iron ore and coking coal mining to the steel ministry to boost supplies of the key steelmaking materials, as the country is poised to become the world’s second-biggest producer, according to a person with knowledge of the plan.
The hike in prices of coal by state-run CIL is likely to make producing steel for secondary steel players costly by up to Rs 500, says a report.
Last week, for the first time ever in India, four senior-most judges of the Supreme Court called a press conference and aired their grievances against the Chief Justice of India (CJI).
A special court on Monday directed the CBI to hand over some documents filed along with the charge sheet to industrialist Naveen Jindal and others in a coal scam case against them.
Coal India Ltd, which is struggling to meet coal production targets, foresees significant competition coming in from the private sector in the future, a top official of the company has said.
Coal India (CIL), the world’s largest coal miner, will be adopting a new billing mechanism for consumers from the coming financial year, in line with global practices.
Coal India (CIL) has raised non-coking coal prices by an average of nine per cent to stave off the impact of increasing wages of around 0.3 million employees.
Bracing up early for the summer season of 2018, when electricity demand is likely to flank 20,000 megawatts (Mw), the Yogi Adityanath government has urged the Centre to provide adequate supply of coal for the thermal power stations in Uttar Pradesh.
An Australian deep water port linked to one of the world’s biggest planned coal mines should lock in refinancing within six months of a loan maturing in November to safeguard credit ratings on its debt, according to S&P Global Ratings.