S&P downgrades outlook on Tata Power
Rating agency Standard & Poor's (S&P) has revised downwards its outlook on Tata Power Company (TPC) to 'stable' from 'positive', citing slow progress on tariff revisions for Mundra project and delay in receiving the proceeds from the stake sale in its Indonesian coal mine.
Apr 24, 2015, 00:40 AM IST
Panel for extending short-term coal linkages again
Short-term coal linkages to end-use plants in sectors such as power, whose coal blocks were cancelled by the Supreme Court, should be further extended to June-end, an inter-ministerial panel has recommended.
Mar 22, 2015, 12:35 PM IST
Govt cancels proposed e-auction of Jamkhani mine in Odisha
The government has cancelled the proposed e-auction of Jamkhani coal block in Odisha which was scheduled to go under the hammer Friday as the last mine in the second tranche of auctions.
Mar 12, 2015, 20:44 PM IST
Govt to start afresh Wednesday mine allotment process to PSUs
The government will Wednesday start afresh the process for allotting coal mines to state and central PSUs and will now allot 43 blocks, instead of 36 announced earlier.
Feb 17, 2015, 22:33 PM IST
Coal auction: Balco, Jaiprakash Power, OCL Iron & Steel bag 1 mine each
Balco, Jaiprakash Power Ventures and OCL Iron & Steel bagged one mine each on the fourth day of coal auction Tuesday, taking the total number of blocks sold via bidding to 11.
Feb 17, 2015, 21:19 PM IST
Coal auction: Govt gets 176 technical bids for 23 mines
JSPL, GVK Power and Monnet Ispat are among the bidders for 23 coal blocks on offer in the first tranche of the ongoing auction, for which the government received a total of 176 preliminary bids on Tuesday.
Feb 03, 2015, 21:24 PM IST
Coal India's base issue size of 5% fully covered
The government`s sale of a 5 percent stake in Coal India Ltd was fully covered by 2.33 p.m. on Friday, data from stock exchanges showed. The offering has a green shoe option, or provision to sell an additional stake of 5 percent.
Jan 30, 2015, 15:22 PM IST
CIL down 4% as floor price for stake sale set at a discount
The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.
Jan 30, 2015, 12:19 PM IST
CIL stake sale begins; shares tank nearly 4% in early trade
The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.
Jan 30, 2015, 11:26 AM IST
CIL stake sale today; government eyes Rs 22,600 cr
The floor price was fixed on Thursday at a discount of about 5 percent from the current market price of Coal India (CIL), where the government presently holds nearly 90 percent stake.
Jan 30, 2015, 08:48 AM IST
Govt drops 1 coal mine from list of blocks put under auction
The government has dropped one coal block from the list of 24 mines, that have been put under the hammer in the first tranche, due to "technical reasons".
Jan 05, 2015, 18:40 PM IST
Coal auction: 7 mines in Chhattisgarh, 6 in MP are on offer
In the first tranche of coal block auction, government on Saturday invited bids for 24 mines, including seven in Chhattisgarh.
Dec 27, 2014, 21:52 PM IST
Adani, Downer EDI in $2 billion deal
Australian Engineering Group Downer EDI has won a 2 billion dollar contract from Adani Group's Carmichael Coal Mine project in Queensland in one of the largest deals of its type signed in the country in recent years.
Dec 19, 2014, 12:36 PM IST
Adani steps up Australia coal plans ahead of Modi visit
Adani Enterprises is forging ahead with ambitious plans to build Australia`s biggest coal mine in the next three years, defying a collapse in coal prices to five and a half year lows as it seeks to supply power plants at home.
Nov 13, 2014, 08:38 AM IST
Modi takes first bite at coal to end India's power mess
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world`s fifth-largest coal reserves, a source familiar with the matter said.
Oct 22, 2014, 17:05 PM IST
Foreign firms with India units could mine, sell coal: Source
India could allow commercial coal mining by foreign companies if they set up units in the country.
Oct 22, 2014, 12:52 PM IST
'Economic implications should be considered in coal mine case'
Multiple levels of serious economic implications to the nation, including loss of employment, should be considered while taking a final view on coal block allocations made since 1993 till 2010, industry body Ficci has requested the Supreme Court.
Aug 28, 2014, 18:03 PM IST
Govt may opt for UMPP bidding route for coal mine auction
At present, the Ministry of Power awards ultra mega power projects (UMPPs) of 4,000 MW capacity each through international competitive bidding process.
Aug 12, 2014, 10:57 AM IST
Govt cancels auction of 3 coal blocks: Goyal
Of three blocks two are in Jharkhand and one is in West Bengal.
Aug 07, 2014, 15:24 PM IST
CoalMin to review status of formation of JV, SPV next week
The Coal Ministry had earlier asked states to advise the companies that have been allocated mines to either form SPVs or JVs for projects.
Jul 29, 2014, 12:31 PM IST
