ANGUL: Officials of NTPC Kaniha have voiced concern over its depleting stock due to economic blockade by Talcher Surakshya Manch for the last three days. The strike, which entered the third day on Sunday, has paralysed production in all the eight coal mines and blocked despatch at Talcher. So far, no initiative has been taken…
After tepid interest from bidders and the failure of the last two tranches of coal-block auctions, the Coal ministry is in talks with the Finance ministry on introducing several business friendly changes in the coal auction rules, sweetening the deal to make it more attractive.“The coal auction is not getting the response desired by the…
State-run mining sector major Coal India Ltd., will have to bear a total outgo of Rs 1,000 crore on account of a recent salary hike. According to a company executive, the miner has recently met the long-standing demand of executives to revise pay scales. Now, the firm has raised salaries of its 20,000-odd employees in…
BHUBANESWAR: The Kolkata bench of the National Company Law Tribunal (NCLT) has admitted and initiated the insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of Coal India, which has refused to pay the interest amount on the original debt to the operational creditor.
NEW DELHI: New coal power plants in regions like Uttar Pradesh, in close proximity to “heavily polluted” Delhi-NCR, are financially “risky, unnecessary and pose a health risk to millions”, even as cheaper electricity is available from renewable energy, a Greenpeace India analysis stated Thursday.
NEW DELHI: A Delhi court on Monday said it would pronounce on December 5 its order on the sentencing of former coal secretary H C Gupta and five others convicted for irregularities in the allotment of coal blocks to a private firm in West Bengal.
NEW DELHI: A Delhi court Friday held former-coal secretary H C Gupta guilty of corruption and criminal conspiracy in a coal scam case relating to allotment of coal blocks in West Bengal.
Coal India Ltd’s quarterly profit jumped more than eight-fold as the world’s biggest coal miner produced more of the dry fuel, but profit fell slightly below analysts’ expectations, its financial results showed on Monday.
RAICHUR: The Karnataka Power Corporation Limited (KPCL) run by the government with an aim to quell power crisis that may loom large over the state in summer will invite a global tender to purchase coal.
KOLKATA: Coal India Ltd has set a “difficult” production target of 700 million tonnes for fiscal 2019-20, a “challenge” the mining major was ready to undertake in the wake of rising power demand, its Chairman A K Jha said.