Coal Minister can't give go by to established procedure: Court
Coal Minister cannot give a go by to the established procedure and guidelines on the issue of coal block allocation while exercising discretion conferred on him as any contravention of the settled process would be "clearly bad in law", a special court observed Wednesday.
Mar 11, 2015, 21:24 PM IST
No officials, Birla pursued any unlawful means: Hindalco
Aditya Birla group flagship firm Hindalco Wednesday said none of its officials, including Chairman Kumar Mangalam Birla had pursued any unlawful or inappropriate means to secure allocation of Talabira-II coal block in Odisha.
Mar 11, 2015, 20:55 PM IST
KM Birla played "active role" to secure coal block: Court
Various high-ranking officials of Aditya Birla Group "left no stone unturned" to secure the coal block, the court said while holding that "criminal conspiracy" was prima facie initially conceived by Hindalco officials Shubhendu Amitabh and D Bhattacharya.
Mar 11, 2015, 20:50 PM IST
Coal scam: Court summons former PM Manmohan Singh as accused
The special CBI court hearing the coal block allocation case, Wednesday, summoned former prime minister Manmohan Singh as an accused and asked him to appear beore the court on April 8.
Mar 11, 2015, 10:25 AM IST
Coal scam: Court asks CBI to expeditiously file final report
A special court Tuesday directed CBI to expeditiously submit its final report of its further investigation in a coal blocks allocation scam case allegedly involving Vikash Metal and Power Limited (VMPL) and others.
Mar 10, 2015, 18:20 PM IST
Coal auction kitty hits Rs 2.07 lakh crore; tops CAG figure
The coal auction kitty Monday crossed Rs two lakh crore mark after two more mines went under the hammer today in the ongoing e-auction -- surpassing CAG's estimate of Rs 1.86 lakh crore loss due to allocating mines without auction during the previous regimes.
Mar 09, 2015, 22:54 PM IST
Coal, spectrum sale proceeds cross Rs 3-lakh crore; beats CAG figure
The auction kitty from sale of coal mines and telecom spectrum Monday swelled to over Rs three lakh crore -- exceeding all estimates including by CAG for value of such resources, which have been at the centre of two major scams in the recent years.
Mar 09, 2015, 22:48 PM IST
Did you probe diversion of coal by private firms: SC asks CBI
The Supreme Court Monday asked CBI to apprise it whether it has probed the firms which have allegedly diverted coal for commercial exploitation instead of using them for electricity generation in Ultra Mega Power Projects (UMPPs).
Mar 09, 2015, 21:46 PM IST
Coal auction proceeds to cross Rs 2 lakh crore: Govt
Proceeds from the ongoing coal block auctions are likely to cross Rs 2 lakh crore, surpassing CAG's estimate of Rs 1.86 lakh crore loss on account of the allocation of blocks without auction during the UPA regime.
Mar 09, 2015, 21:43 PM IST
Coal e-auctions fetch Rs 55,000 crore thus far in second round
The prime minister Narendra Modi was also elated with the bidding.
Mar 09, 2015, 15:14 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
Govt decisions on coal auction not in sync with economic policy: HC
The Delhi High Court on Wednesday observed that while the 2014 Coal Ordinance is completely in sync with the national economic policy, the "executive decisions" with respect to auction of coal "are not".
Mar 04, 2015, 20:56 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
Lok Sabha passes Coal Bill to replace Ordinance
Lok Sabha on Wednesday passed the Coal Mines bill to allow e-auction of coal blocks after the Supreme Court cancelled their allocation leading to uncertainty in the coal sector, amid opposition by Left and some other opposition parties.
Mar 04, 2015, 16:49 PM IST
Next phase to coal mines auction to start soon: Piyush Goyal
The next phase of auction of coal mines will begin shortly, government told the Lok Sabha Tuesday.
Mar 03, 2015, 22:45 PM IST
Coal India's Apr-Feb output is 437 MT, misses target
State-owned Coal India's output for the April-February period of the ongoing fiscal was 436.96 million tonnes (MT), missing its target by 2.9 percent.
Mar 02, 2015, 17:42 PM IST
Coalscam: RSPL, its three top officials summoned as accused
The court summoned them as accused after taking cognisance of CBI's charge sheet filed in the case relating to allocation of Kesla North coal block in Chhattisgarh to Rathi Steel and Power Ltd (RSPL).
Mar 02, 2015, 16:33 PM IST
Rail Budget 2015: Power tariffs may rise after hike in freight rates for coal
An official of state-run miner Coal India said that the impact of freight rate hike would be on the landed cost of coal.
Feb 26, 2015, 17:44 PM IST
Rs 1.09 lakh crore to go to states from coal block auction
Approximately Rs 1.09 lakh crore would go to the coffers of states like Chhattisgarh, West Bengal, Jharkhand, Odisha and Maharashtra following auction of 19 coal blocks held last night, Union Coal Secretary Anil Swarup said Monday.
Feb 23, 2015, 22:15 PM IST
Coal auction: Hindalco Industries wins one more block; total 3
Continuing aggressive bidding, Hindalco Industries has bagged one more mine in the ongoing coal auction, taking the total number of blocks won by the firm to three that includes two in Chhattisgarh and one in Jharkhand.
Feb 21, 2015, 11:17 AM IST
