Category: Coal

NEW DELHI: With the production of thermal coal on the rise, the government is hopeful that state-owned Coal India will surpass its one billion tonne excavation target by 2020. Power and Coal Minister Piyush Goyal today said: “We are expecting the companies to supersede coal production targets, I am hopeful that Coal India would exceed […]

New Delhi: Former prime minister Manmohan Singh filed an appeal in the Supreme Court on Wednesday against the summons issued to him by a trial court in connection with the coal blocks allocation scam. Upset over the summons issued to him the former prime minister had earlier this month said he was sure that the […]

New Delhi: Essar Power MP limited, a subsidiary of Essar Power, signed the Coal Mine Development and Production Agreement with the government for the Tokisud North coal block in Jharkhand on Tuesday. Essar Power MP, won the coal block in the e-auction of coal mines for Rs 1110 per tonne. The block, which has all […]

New Delhi: After two rounds of auctioning of coal blocks for private companies, the government will today allot mines to central and state PSUs. “Allotment of coal blocks to state entities to take place today,” Coal Secretary Anil Swarup tweeted. The Coal Ministry had earlier received 107 applications from public sector undertakings (PSUs) like NTPC […]

NEW DELHI: The government is likely to set production target of 550 million tonnes (MT) for Coal India for next financial year even as it is likely to miss the goal for the current fiscal. “For the next fiscal, it is likely that the government may set a production target of 550 MT,” a source […]

Mumbai: Jindal Steel and Power Ltd (JSPL) today moved the Delhi High Court against the decision of the Centre to cancel coal blocks allocated to it. JSPL said it feared the blocks Gare Palma IV/2, IV/3 and Tara in Chhattisgarh might be allocated to someone else as the government is “moving very fast”. The matter […]

New Delhi: The government today is believed to have allotted the three cancelled coal blocks, for which JSPL and Balco had emerged as the highest bidders in the recently concluded auctions, to state-owned miner Coal India Limited. “Three coal blocks – Gare Palma IV/1, IV 2 and IV 3 under Schedule II mines (blocks under […]

NEW DELHI: Terming the re-examination of some bids in the coal auction as “unfair”, industry body Assocham today said the government should expeditiously notify successful bidders of mines under review. The government is re-examining the bids for nine coal blocks, including those where Jindal Steel and Power Ltd and Balco emerged as the top bidders, […]

New Delhi: The government is looking to clear the Rajya Sabha hurdle today with the Mines and Minerals bill and the Coal mines bill coming up before the house. The Select committees had tabled their reports before the house on Wednesday. The government is working against a deadline of April 5 when the ordinances that […]

NEW DELHI: The government is likely to take a call by Friday on three coal blocks that have been auctioned but their award has been put on hold, even as industry criticised the move to review the sale done through an auction process. Coal Secretary Anil Swarup on Wednesday said a decision on the fate […]

New Delhi: The coal auction will resume by end of April or early May with 15-20 more mines, provided the Coal Mines bill is passed in Rajya Sabha or a new ordinance is promulgated. “If the Bill (Coal Mines) gets passed (in Rajya Sabha) then there would be auction of 15-20 coal blocks. It (the […]

New Delhi: The CBI registered a fresh case of cheating and corruption in coal block allocation scam against unknown officials of Karnataka Power Corporation Limited (KPCL) and others for allegedly ignoring joint venture conditions to give pecuniary gains to private partners. KPCL was allocated six coal blocks – Kiloni, Manora Deep, and Baranj I-IV in […]