Prime Minister Narendra Modi will virtually inaugurate three first mile connectivity projects of South Eastern Coalfields Ltd (SECL) in Chhattisgarh on Saturday. The First Mile Connectivity (FMC) projects are valued at Rs 600 crore. SECL is a subsidiary of Coal India. “Prime Minister Narendra Modi is scheduled to virtually inaugurate three key First Mile Connectivity […]
Category: Coal
GMDC board approves capex of Rs 3,041 cr for FY25
State-owned Gujarat Mineral Development Corporation Ltd (GMDC) on Thursday said its board has approved a capital expenditure of Rs 3,041 crore for the next fiscal. The PSU had set a capex target of Rs 800 crore for the ongoing financial year. “GMDC is proud to announce the Board’s approval of a Rs 3,041 crore capital […]
Sajjan Jindal’s JSW Steel sounds out banks for $750 million loan
Steel tycoon Sajjan Jindal plans to borrow $750 million for capital expenditure purposes as India’s largest mill targets a major capacity expansion, according to people familiar with the matter. JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, […]
Notified price for coal gasification soon: Coal Ministry
To give a fillip to coal gasification projects in the country, the Ministry of Coal is planning to offer coal at a notified price for coal gasification, a senior ministry official said on Wednesday. “We are considering offering coal at a notified price for coal gasification plants that will be set up. We will be […]
Stock market update: Mining stocks up as market rises
NEW DELHI: Mining stocks were trading higher on Tuesday at 11:15AM Oriental Trimex Ltd.(up 7.76%), Ashapura Minechem Ltd.(up 3.16%), Aro Granite Industries Ltd.(up 2.86%), Madhav Marbles & Granites Ltd.(up 2.42%), Lexus Granito(India)Ltd.(up 1.40%), 20 Microns Ltd.(up 0.97%), The Orissa Minerals Development Company Ltd.(up 0.19%) and Gujarat Mineral Development Corporation Ltd.(up 0.05%) were among the top […]
Tata Steel, JSW Steel among bidders for mines under commercial coal block auction
Tata Steel, JSW Steel and Rungta Sons are among the 27 companies which have submitted bids for coal blocks put up for commercial mines auction, the government said on Tuesday. “A total of 27 companies including major companies like Tata Steel Ltd, JSW Steel Ltd, Rungta Sons Pvt Ltd., etc. have submitted their bids in […]
JSW Steel in talks for $1 billion stake in Australia’s Blackwater coal mine
India’s JSW Steel Ltd is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India’s largest steel producer by capacity, is conducting due diligence and expects to get a coking coal sample from the mine this month […]
Coal India to bid for 3 mines in critical minerals auctions in February
State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country’s mines ministry in February, Chairman and Managing Director P M Prasad told analysts in a post-earnings conference call on Monday. The world’s largest miner has also visited lithium mines in Australia and is in preliminary talks about operating them, […]
Govt says 40 bids received via offline mode for coal mines auction under 9th round
New Delhi: The coal ministry on Monday said it has received 40 bids through offline mode for the coal mines put for sale under the ninth round of commercial auction. The government had launched the ninth round of commercial mines auction in December last year. “The Ministry of Coal has received an overwhelming response for […]
Coal scam: CBI names Monnet Ispat and Energy, its CMD in charge sheet
The CBI has filed its charge sheet in an ongoing coal scam case probe against Monnet Ispat & Energy Ltd, its chairman cum managing director Sandeep Jajodia and senior vice president Amitabh Mudgal for alleged irregularities in allocation and running of Gare Palma and Rajgamar Dipside coal blocks in Chhattisgarh, officials said Friday. After over […]
JSW Group to invest Rs 65,000 cr for new steel, cement plants in Odisha
The JSW Group Thursday said it will set up an integrated steel plant, a power plant, a port facility and a cement plant at Jagatsinghpur, Odisha with an investment of Rs 65,000 crore. The steel plant will have the capacity to make 13.2 million tons of steel per annum and is expected to generate 30,000 […]
Union govt intends to take up coal, lignite gasification projects on high priority: Coal secretary
Emphasising the importance of coal and lignite gasification projects in India’s energy transition, Union Coal Secretary Amrit Lal Meena on Friday said the union government intends to take up these projects on very high priority. Meena addressed an industry interaction meeting organised by the Ministry of Coal here, on ways to promote coal, and lignite […]