Coal auction rains revenue bonanza; touches Rs 1.57 lakh cr
In another revenue bonanza from the ongoing auction of coal mines, the government Sunday garnered Rs 5,164 crore from sale of two more mines to Jaypee Cement and Ambuja Cements with cumulative proceeds surging to Rs 1.57 lakh crore.
Mar 08, 2015, 21:44 PM IST
Coal auction Day 4: Jaypee Group, Gujarat Ambuja successful bidders
On the fourth day of auctions here for schedule III category mines whose earlier allotments were cancelled by the apex court, Jaiprakash Cement Corp and Gujarat Ambuja Cement emerged as successful bidders for the Mandla South and Gare Palma coal fields, respectively.
Mar 08, 2015, 21:01 PM IST
Coal auction: Mandakini, Meral mines sold; states to get Rs 19,633 crore
In fierce bidding that lasted over eight hours, Mandakini Exploration and Mining Thursday bagged Mandakini block in Odisha while the Meral mine in Jharkhand went to Trimula Industries, in the process fetching an estimated Rs 19,633 crore for the states.
Mar 05, 2015, 21:54 PM IST
2nd leg of coal auction: Adani Power, Usha Martin bag mines
Adani Power bagged Jitpur mine in Jharkhand while Usha Martin won Brinda and Sisai mines in the same state in the second tranche of coal block auction that began Wednesday.
Mar 04, 2015, 19:37 PM IST
Goyal projects Rs 15 lakh crore bonanza to states from coal
The allocation of coal blocks, including through the ongoing auction, will fetch a whopping Rs 15 lakh crore over the next 30 years, for the respective states, Union Minister Piyush Goyal said Thursday.
Feb 19, 2015, 19:17 PM IST
Coal auction: Sale of 11 mines makes states richer by Rs 60,000 cr
States, including Chhattisgarh, Jharkhand and West Bengal, are set to get nearly Rs 60,000 crore from 11 coal blocks sold in the ongoing auction, a top official said Wednesday.
Feb 18, 2015, 22:36 PM IST
'Aggressive bidding in auction to be credit -ve for power cos'
Rating agency Crisil Wednesday said the aggressive bids by companies in the ongoing coal blocks auctions, especially by the power sector, will be credit negative for them.
Feb 18, 2015, 22:19 PM IST
'Some sectors may become more dependent on imported coal'
Lesser allocation of mines to steel, cement and captive power plants in the upcoming coal blocks auction may increase their dependence on costlier imported fuel, rating agency ICRA today said.
Jan 14, 2015, 20:03 PM IST
Coal India ready for conciliation as unions threaten strike
State-owned CIL said that it is ready for the conciliation even as employees' unions of the coal PSU have threatened to go on five-day strike beginning January 6.
Dec 22, 2014, 17:22 PM IST
Govt to allot, auction 101 coal mines in 1st lot; approach paper out
Of the 101 blocks to be alloted and auctioned in the first lot, 63 mines would be given to the power sector, while the rest would be for sectors like steel and cement.
Dec 18, 2014, 23:35 PM IST
Coal scam: SC rejects pleas seeking extension of time in paying penalty
The Supreme Court on Thursday rejected pleas of some private firms seeking extension of time in paying penalty in a coal blocks allocation case.
Dec 18, 2014, 16:30 PM IST
Coal India won't take part in auction of two Odisha blocks
The future of Coal India`s two blocks in Odisha remains uncertain as the company will not be participating in the upcoming coal block auction in January, company sources said Saturday.
Dec 13, 2014, 18:15 PM IST
Coal blocks auction only to specified end-users: Govt
With the government gearing up for the auction of coal blocks, Coal Secretary Anil Swarup on Wednesday said the auction would be specified only to the end-users.
Nov 19, 2014, 17:09 PM IST
Panel meet Tuesday to decide coal reserve price
An inter-ministerial panel is likely to meet on Tuesday to discuss the methodology for fixing reserve price for auction of coal blocks.
Nov 10, 2014, 18:47 PM IST
