Coal auction unlocks Rs 4,00,000 crore: Secy
Till now, 29 blocks have been auctioned and another 38 allotted to the state-owned entities.
Apr 05, 2015, 17:29 PM IST
Govt makes green norms easier for new coal block allottees
In a bid to expedite operations from the recently allocated coal mines, the Environment Ministry has allowed transfer of environment clearances granted to the previous allottees to new owners without any fresh approval.
Apr 02, 2015, 18:55 PM IST
3rd round of coal auction later this month; 16 mines on block
After the success of two rounds of coal blocks auction, the government on Wednesday said the third round for 16 mines will begin later this month.
Apr 01, 2015, 22:09 PM IST
UPA must explain money lost in coal allocations: PM Modi
Terming the recent Rs 2-lakh crore coal auction as a major success, Prime Minister Narendra Modi on Wednesday said the previous UPA government should explain where did the money go when it had allocated 204 mines.
Apr 01, 2015, 17:50 PM IST
States to get Rs 466 cr as 1st tranche from coal auction
States will receive Rs 466 crore as first tranche from auction of coal blocks, while the Centre will not keep any revenue from this upfront payment by bidders, said a top official.
Apr 01, 2015, 16:36 PM IST
Govt asks previous mines allottees to clear stock by April 8
Government has asked all the previous allottees of coal mines to remove by April 8 the dry fuel extracted till March 31, paving the way for smooth handover of the blocks to successful bidders.
Mar 29, 2015, 11:14 AM IST
Identifying 15-20 mines to be auctioned: Goyal
The government has recently auctioned 33 coal blocks in two phases.
Mar 26, 2015, 14:34 PM IST
Coal mines auction: Govt rejects bids of Jindal Steel, Balco
The government has cancelled bids of Jindal Steel and Power and BALCO for four coal blocks amid speculation of cartelisation.
Mar 21, 2015, 10:07 AM IST
India rejects low winning bids for 4 "outlier" coal mines
Although the winning bids for the nine mines were the highest in their individual auctions, they were low by comparison with the winning bids for other similar blocks.
Mar 21, 2015, 09:32 AM IST
Parliament passes Coal bill
The crucial bill that provides legal framework for auction of coal blocks was passed by Parliament on Friday, replacing an ordinance that was to expire on April 5.
Mar 20, 2015, 19:03 PM IST
Rajya Sabha passes Coal Bill
The Rajya Sabha on Friday passed the Coal Bill which will replace the Ordinance promulgated in December last year.
Mar 20, 2015, 17:15 PM IST
Govt should quickly notify successful coal bidders: Assocham
Terming the re-examination of some bids in the coal auction as "unfair", industry body Assocham on Friday said the government should expeditiously notify successful bidders of mines under review.
Mar 20, 2015, 14:55 PM IST
CAG was 'very kind' in assessing losses of coal blocks allocations: FM
CAG was "very kind" when it put losses incurred due to coal blocks allocation between 2006 and 2010 at Rs 1.86 lakh crore, Finance Minister Arun Jaitley said Thursday night while highlighting that auction being undertaken by the present government had reaped much more revenue.
Mar 19, 2015, 21:53 PM IST
Post-coal bids, power cos may face Rs 1,350 cr deficit: Crisil
The recent coal block auctions might have addressed some fuel supply issues, but private power producers with nearly 10,000 MW capacity may have to face under-recovery to the extend of 65 paise per unit because of aggressive bidding, according to rating agency Crisil said.
Mar 19, 2015, 21:44 PM IST
FICCI does a U-turn; says investors upbeat on auction process
In a volte-face, Ficci Thursday said the overwhelming response from investors to the ongoing coal block auctions is a testimony to the emerging opportunities in the sector and it expects "renewed investor interest" in the Indian economy.
Mar 19, 2015, 20:44 PM IST
States seek transfer of Rs 6,150 cr coal block levies: Goyal
The Coal Ministry has received requests from various coal/lignite bearing states for transfer of additional levy of Rs 6,149.6 crore collected by the Centre from the owners of operational blocks cancelled by the Supreme Court, Parliament was informed Thursday.
Mar 19, 2015, 19:31 PM IST
Govt to auction 15-20 more mines if Coal Bill passed in RS
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.
Mar 19, 2015, 14:15 PM IST
Govt may give 9 mines being re-examined to Coal India
The government is likely to give nine coal mines to state-run Coal India Ltd (CIL) in case the ongoing scrutiny establishes that there was cartelisation in the recent auction for these blocks.
Mar 18, 2015, 20:36 PM IST
Coal bill may clear RS hurdle, mines bill to go back to LS
The crucial bill that provides for auctioning of coal may clear the Rajya Sabha hurdle after a Select Committee endorsed it by majority, though some members dissented, but a bill relating to other minerals will have to go back to Lok Sabha because of an amendment suggested by another panel.
Mar 18, 2015, 18:21 PM IST
No modification needed in Bill for coal auction: Parl panel
The Bill that seek to replace the Ordinance issued by the government was passed by Lok Sabha but had to be referred to the Rajya Sabha Select Committee.
Mar 18, 2015, 16:00 PM IST
