Category: Coal

Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions. As per an official note, JSW Steel has won Banai and Bhalumunda mines in Chhattisgarh, another block Parbatpur Central and Sitanala mines in Jharkhand, while JSW Cement bagged Marwatola – VI mine in Madhya […]

Coal India Ltd on Friday exceeded its annual production target of 700 million tonnes for the first time in 17 years, the company said in a release. It had last surpassed its goal in the fiscal year that ended March 2006.

Adani Group has urged the stock exchanges “to take appropriate actions against such agencies whose actions are prejudicial to the interests of the investors at large”. This was in response to a clarification sought by the BSE from Adani Enterprises on Tuesday, March 28, 2023, regarding the news article captioned “Adani stocks lose up to […]

Defence Minister Rajnath Singh on Wednesday launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer.Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored.

The government will put on the block 106 coal mines on Wednesday, launching the seventh round of commercial auctions, an official statement said. In the statement, the coal ministry said it will also be signing the agreements for the 28 coal mines auctioned under the sixth round of auctions, it said.

The Ministry of Coal will on Wednesday launch the seventh round of auction of coal mines for commercial sale and will sign agreements for 28 mines awarded under the sixth round. Of the 106 mines that will be offered in the seventh round, 61 are partially explored and 45 are fully explored, the government said […]

Robust domestic demand, an enhanced vision of 1bt production, and improved e-auction premium will drive profitability, said domestic brokerage firm Motilal Oswal while maintaining a buy rating on Coal India. The target of Rs 275 suggests an upside potential of 32% from the current market price of Rs 209 per share.

For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans.

If India stopped burning coal tomorrow, over five million people would lose their jobs. But for a price tag of around $900 billion over the next 30 years, the country can make sure nobody is left behind in the huge move to clean energy to curb human-caused climate change, according to figures released by New […]

S&P Global Ratings will be answering many questions about India-based Adani Group in the coming months, the credit rating agency said on Wednesday. In a statement issued, S&P Global said investors seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on […]

Weeks after it revised the rating outlook of two companies of embattled Adani group, S&P Global Ratings on Wednesday said it is watching for additional information on the conglomerate’s governance and funding for any ratings action. Investors, it said, seek clarity on the credit impact of a string of allegations against the group in a […]

S&P Global Ratings will be answering many questions about India-based Adani Group in the coming months, the credit rating agency said on Wednesday. In a statement issued, S&P Global said investors seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on […]