Coal auction to yield nearly Rs 1 lakh crore to states
Respective states will get nearly Rs l lakh crore, including royalty, over the next 30 years from 16 coal blocks sold so far through the ongoing auction, a top government official said on Friday.
Feb 20, 2015, 18:41 PM IST
CAG's stand vindicated on coal auction: Nirmala
The ongoing auctioning of coal blocks has vindicated CAG's criticism of the way the natural resources was allocated by the previous government, Commerce and Industry Minister Nirmala Sitharaman said Thursday.
Feb 19, 2015, 21:45 PM IST
Coal block auctions in India see aggressive bidding
Most of the winning bids so far have been higher than analysts` expectations based on the benchmark price of state-run Coal India.
Feb 19, 2015, 19:25 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
Delhi HC lifts stay on final bidding for three Chhattisgarh coal blocks
Delhi High Court on Wednesday lifted the stay order on final bidding for three coal blocks in Chhattisgarh.
Feb 18, 2015, 13:01 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
CCI again asks Coal India to 'cease, desist' from unfair ways
Fair trade watchdog CCI has again directed Coal India Ltd to "cease and desist" from unfair business ways after finding the state-owned miner violated competition norms with respect to dry fuel supply.
Feb 17, 2015, 18:43 PM IST
Coal scam: JIPL misrepresented facts to acquire block, says CBI
Jharkhand Ispat Pvt Ltd (JIPL) and its officials, who have been chargesheeted in a coalscam case, had allegedly misrepresented facts to acquire North Dhadu coal block in Jharkhand, CBI Monday told a special court.
Feb 16, 2015, 18:54 PM IST
Govt expects more aggressive auctions for coal blocks
On the third day of auction on Monday, the government said it expects more aggressive bidding for coals blocks as the mines on offer are already producing.
Feb 16, 2015, 13:10 PM IST
Govt aims to double renewable energy share in overall basket
Eyeing investments of up to USD 200 billion, the government is looking to more than double the share of renewable sources to over 15 percent in the country's overall energy basket in about a decade, Union Minister Piyush Goyal said today.
Feb 15, 2015, 16:03 PM IST
Coal auction: Setback to Centre in Delhi High Court
Government Friday suffered a setback in the coal block auction process as the Delhi High Court provided relief to several companies which were disqualified from participating in the bidding process on one or the other ground.
Feb 13, 2015, 22:02 PM IST
Coal India shares up over 2% despite drop in profit
Shares of state-owned Coal India Friday rose over 2 percent despite the company reporting a 16.2 percent drop in its consolidated net profit for the quarter ended December.
Feb 13, 2015, 21:12 PM IST
Bidders concerned over reverse bidding in coal mine auction
Ahead of the coal block auction, several players in steel and power sectors have aired their reservations about the reverse bidding mechanism and have raised a lot of queries on the same with the government.
Feb 13, 2015, 17:58 PM IST
Coal auction: 134 bids found technically qualified
As many as 134 applications have been found technically qualified and shortlisted out of the 176 preliminary bids received for the coal blocks on offer in the first tranche, a top Coal Ministry official said today.
Feb 12, 2015, 14:55 PM IST
Coal auction process won't be delayed: Goyal on HC order
With the Delhi High Court asking for removal of three coal blocks from the auction list, Union Minister Piyush Goyal on Wednesday said the government respects the ruling and assured that the auction process would not be delayed.
Feb 11, 2015, 22:26 PM IST
69 applications for 36 coal blocks from PSUs like NTPC, SAIL
The maximum number of applications (9) were received for Gare Palma Sector II coal mine in Chhattisgarh, an official release said on Monday.
Feb 09, 2015, 22:32 PM IST
Coal imports fall 20% in January, snap surging trend
The surging trend of coal imports in recent times snapped in January as shipments fell by 20 percent over the previous month due to lower demand from domestic steel makers, as per mjunction data.
Feb 08, 2015, 13:21 PM IST
Exempt imported coal from customs duty, demand private power firms
Private power producers have sought customs duty relief on imported coal for thermal plants, saying the levy is "increasing the cost of electricity generation and burdening the common man".
Feb 08, 2015, 13:19 PM IST
