New Delhi: Jindal Power Ltd, a subsidiary of Jindal Steel & Power, on Wednesday emerged as highest bidder for a large coal block in Chhattisgarh, pipping Adani Enterprises and Hindalco Industries. The company offered 25% revenue share for the Gare Palma IV/1 with geological coal reserves of 84 million tonnes and peak capacity of six […]
Category: Coal
Fortum eNext completes project to cut NOx emissions at Hindalco Mahan coal-fired power plant
New Delhi: Fortum eNext, a part of Finnish clean energy firm Fortum, has completed its first commercial combustion modification project in India at Hindalco-Mahan Aluminium, in Madhya Pradesh. The project was aimed at reducing nitrogen oxides (NOx) emissions on one of the 150-MW boilers located in the state of Madhya Pradesh, a Fortum statement said.
Adani’s Stratatech Mineral Resources bags big coal block
New Delhi: Adani Group’s Stratatech Mineral Resources Pvt Ltd on Tuesday emerged as the highest bidder for a large coal block in Madhya Pradesh by offering a revenue share of 12.5%. The company pipped Hindalco Industries to bag the Dhirauli coal mine which has geological reserves of 586.39 million tonnes and is estimated to generate […]
ED attaches Rs 169-crore assets of firm in money laundering case related to coal blocks allocation
New Delhi: The Enforcement Directorate (ED) has attached assets worth Rs 169 crore of a firm in connection with its money laundering probe in the coal blocks allocation case, the central agency said on Tuesday. The case pertains to Topworth Urja and Metals Ltd (formerly Shree Virangana Steels Ltd) that was allocated the Marki Mangli-II, […]
Vedanta, Hindalco among winners on day-1 of commercial coal auctions
NEW DELHI: Vedanta Ltd emerged highest bidder for a coal block in Odisha offering a premium of 21% while Hindalco Industries NSE 2.84 % placed a winning bid for another coal block in Jharkhand offering 14.25% premium in India’s pilot auction of mines for commercial purposes. The country’s first commercial coal auctions began on Monday […]
Vedanta, Adani, others in race for coal blocks to be auctioned for commercial mining from Monday
NEW DELHI: Companies like Vedanta NSE -0.99 %, Jindal Steel and Power, Adani Enterprises, Hindalco Industries and JSW Steel are in the race for the first-ever auction of 19 coal blocks for commercial mining, which will kick-start from Monday. The auction under which 19 coal blocks would go under the hammer will continue for eight […]
Coal India revisiting SOPs, rule books amid changing times: CMD
All standard operating procedures, manuals and rule books of state-owned Coal India NSE -1.20 % are being revisited to make them more effective and conducive to meet the challenges thrown by the changing times, according to its chairman and managing director Pramod Agrawal. In a message, Agrawal said that in recent times, Coal India (CIL) […]
Vistara takes multiple steps to ensure safety onboard amid COVID-19 pandemic
Candolim (Goa): From giving beverages in single-use disposable cups to thoroughly cleaning cutlery, blankets and pillows, Vistara is taking adequate precautions to make flying completely safe amid the coronavirus pandemic. A spokesperson of the airline, in a statement, said Vistara will continue to use rotable trays, crockeries and cutleries which are thoroughly washed by automated […]
Coal imports rise 12% to 19 million tonnes in September on improved consumption
New Delhi: India’s coal import rose 11.6 per cent to 19.04 million tonnes in September on account of a recovery in consumption by thermal power plants and other industries as also helped by competitive prices in international markets. The country imported 17.06 million tonnes (MT) of coal in September 2019, showed data available with mjunction […]
CIL’s fuel allocation under exclusive auction for non-power sector rises almost 6-folds in H1
New Delhi: State-owned Coal India Ltd’s fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost six-folds to 13.44 million tonnes (MT) in April-September this fiscal. Coal India Ltd NSE 1.51 % (CIL NSE 4.72 %) had allocated 2.31 MT of dry fuel to the sector under the scheme in the corresponding […]
Neutralising negative growth, Coal India poised for output ramp-up
New Delhi: State-owned Coal India NSE -0.39 % Ltd (CIL) for the first time in the current fiscal on October 20 neutralised the negative growth in coal production for the year. The coal production of 265.69 million tonnes (MTs) on October 20 was at level with last year’s output on the same date with the […]
Government bans sale of gas, coal-bed methane to self
New Delhi: The government has banned natural gas and coal-bed methane (CBM) producers from buying their own produce in the newly notified gas marketing freedom guidelines. The government on October 15 notified the Natural Gas Marketing Reforms that give producers the freedom to discover the market price of gas through a standard e-bidding process.