NEW DELHI : Companies like Vedanta, Jindal Steel and Power, Adani Enterprises, Hindalco Industries and JSW Steel are in the race for the first-ever auction of 19 coal blocks for commercial mining, which will kick-start from Monday. The auction under which 19 coal blocks would go under the hammer will continue for eight days, from […]
Category: Coal
Coal India announces ₹1,700 crore performance-linked reward to employees
State-owned Coal India on Friday said it has declared a performance-linked reward (PLR) of ₹68,500 per employee to all its non-executive cadre workforce for 2019-20 which would have an estimated financial implication of a little over ₹1,700 crore. This is linked to the attendance of the employees during the period, Coal India (CIL) said in […]
Govt may seek cash from Coal India, 7 other PSUs via share buyback
India is planning to ask some state-owned companies to repurchase shares to help the government shore up its finances amid the coronavirus pandemic, according to a person with knowledge of the matter. Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL Ltd, and Engineers India Ltd. are among the eight companies that might be […]
Coal scam case: CBI seeks life imprisonment for ex-minister Dilip Ray
The CBI Wednesday urged a Delhi court to award life imprisonment to former Union minister Dilip Ray who was convicted in a coal scam case pertaining to irregularities in the allocation of a Jharkhand coal block in 1999. Special Judge Bharat Parashar reserved the order for October 26 after hearing arguments from the CBI as […]
Coal India’s e-auction allocation jumps 65% in Apr-Sept
State-owned CIL on Tuesday said the total coal allocation under its four e-auction windows registered about 65% year-on-year rise during the first half of the current financial year. “Coal India Ltd (CIL) booked 41.4 million tonnes (MT) raw coal in e-auctions during April-September 2020, compared with 25.1 MT booked in the corresponding period last fiscal,” […]
Australia seeks clarity from Beijing on coal import ban
The Australian government is seeking clarification from Beijing on reports that China has suspended purchases of Australian coal amid heightened diplomatic tensions between the two countries. Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, people familiar with the order said Monday, asking not to be identified as […]
Special court convicts former union minister Dilip Ray in coal scam case
NEW DELHI: A special court on Tuesday convicted former union minister Dilip Ray, among others, in a coal scam case related to alleged irregularities in the allocation of a Jharkhand coal block in 1999. Special Judge Bharat Parashar, in his judgment held Ray, former minister of state (coal) in the Atal Bihari Vajpayee government, guilty […]
Govt may close some dirty coal plants as green focus grows
India is considering a proposal that may force some of its dirtiest coal plants to close, as policy makers in one of the world’s top polluters increasingly focus on climate change. The plan under consideration by the power ministry would cap plants’ so-called heat rate, which is a measure of how much coal energy is […]
India may close its dirtiest coal plants as green focus grows
India is considering a proposal that may force some of its dirtiest coal plants to close, as policy makers in one of the world’s top polluters increasingly focus on climate change. The plan under consideration by the power ministry would cap plants’ so-called heat rate, which is a measure of how much coal energy is […]
Coal India sees fastest growth in output, sales for six years in Sept
CHENNAI : Coal India Ltd’s output and sales grew by nearly a third during September from a year earlier, the company said on Thursday, as coal-fired power generation picked up and demand from smelters and other consumers increased. State-run Coal India accounts for over 80% of the country’s production and is the world’s largest coal […]
Adani Enterprises, Hindalco among others participate in India’s first commercial coal block auction
New Delhi: Adani Enterprises Ltd, Hindalco Industries Ltd. JMS Mining Pvt. Ltd., Andhra Pradesh Mineral Development Corp. Ltd, EMIL Mines and Minerals Resources Ltd, Vedanta Ltd and Jindal Power Ltd are among 42 companies that have bid for 23 coal mines put on auction for commercial mining, according to a government official. While a total […]
Coal blocks auction: Vedanta, Adani, Hindalco, JSPL among 42 bidders
NEW DELHI : Vedanta, JSPL, Adani Enterprises, Hindalco Industries, JSW Steel and Nalco are among the 42 companies that have submitted the bids for 23 coal blocks that were put up for auction under commercial mining. The government has in total put up for auction 38 coal blocks for commercial mining. “A total of 76 […]