Sun Pharmaceuticals promoter Dilip Shanghvi family has acquired 23 pc stake in Suzlon Energy for a total consideration of Rs 1,800 crore. The infusion of funds will help the company reduce its debt and also focus on growth. As per the arrangement, Suzlon will allot 10 million shares on preferential basis to Shanghvi family members […]
Arun Jaitley, minister of corporate affairs in written reply to a question in the Rajya Sabha informed the House the names of top ten companies in terms of their assets as on 31.03.2014. There are 415,886 companies that filed their Balance Sheets for the year FY 2013-14 till 30.11.2014. The total reported value of the […]
The government has worked out penalty of Rs 9,602.46 crore at the rate of Rs 295 per tonne for coal extracted upto October 2014 and Rs 891.90 crore for the period November 2014 to March 2015, for 39 operating coal blocks cancelled by the Supreme Court. Thus, government can expect to get Rs 10,494 crore […]
Coal based power plant not only generates electricity but also generates leaps of fly ash. In 2013-14, about 173 million tonnes of ash was produced and only 57.63 per cent of this could be used in construction and land filling activities. It is estimated that a whopping 260 million tonnes of fly ash will be […]
In less than two years of the commissioning of an ultra mega power project (UMPP) at Mundra in Gujarat of 4,000 MW capacity, Tata Power has sought the No Objection Certificate (NoC) from the power ministry for its expansion by two units of 800 MW each. It has said that it does not need any […]
No business can be as assuring as this. Solar costs you Rs 6 crore to Rs 7 crore per MW that includes the cost of the land (5 acres per MW). The central government is giving you almost 10 per cent as equity, and if the state government also gives a similar kind of grant […]
More production generally is seen as a boon, but mining beyond a permissible limit could land you in jail. Mahanadi Coalfields Ltd (MCL), government owned company, has filed as many as 10 criminal complaints against its own officers including the CMD of the company, for producing more than what was permitted Because of such a […]
After initially setting the targets of completion of all the important infrastructure projects for all the ministries, the Prime Minister has been taking regular follow up meetings. Extract of discussions of latest meetings that took place in November & December 2014 has been reproduced for our readers.
Even after writing eleven letters, Electrosteel Castings Ltd, a Kolkata based mining company is still waiting for approval from the coal ministry for the disposal of the washery rejects, inferior ungraded coal, slurry, jharna, carbonaceous shale from their Parbatpur coal block. An Under Secretary in the coal ministry acted on their last letter dated 29.10.2014 […]
The Model Fuel Supply Agreement (FSA) with the new power plants commissioned / being commissioned after 31.03.2009 to 31.03.2015 was initially modified by Coal India Ltd (CIL) Board in its 282nd meeting held on 16.04.2012 after a Presidential Directive was issued on 04.04.2012, which was further modified by the CIL Board in its 286th meeting […]
Central Mine Planning & Design Institute Ltd (CMPDI) has written a letter to the ministry of science & technology seeking their comments on the proposed IPR / Patenting of product / process developed through Science & Technology (S&T) grant of the coal ministry. A copy of this letter has been reproduced herein for our readers.
The Central Electricity Authority (CEA) and Central Water Commission (CWC) have vetted a proposal by SJJVN Ltd on the hike in the project cost of a 900 MW Hydro Power Project being set up in Nepal. The total cost for civil work (Rs 3,416 cr), E&M (Rs 1,220 cr) and finance (Rs 1,364 cr) is […]
