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May 21, 2020· New Delhi: India will soon begin auction of coal blocks for commercial mining purpose as the Union cabinet led by Prime Minsiter Narendra Modi on Wednesday approved the methodology which puts an end to the monopoly of staterun Coal India. "The auction methodology based on revenuesharing model has been approved by the Cabinet," sources said adding the formal announcement is .
Aug 28, 2020· In the 1993 amendments to the Coal Mines (Nationalisation) Act, 1973, which first legalised the privatisation of coal blocks in India, only companies showing "coal washing" as .
May 05, 2011· The Coal Ministry on Thursday said it has decided to cancel allotment of 14 coal blocks and one lignite block to six PSUs, including NTPC, and three private firms for failing to develop mines.
Jun 19, 2020· New Delhi: Paving the way for commercial mining, India Thursday initiated the auction of 41 coal blocks that have a capacity to produce 225 million tonnes of coal per year.. Launching the auction, Prime Minister Narendra Modi said the onset of commercial mining will bring the sector out of decades of lockdown. "We are not just launching the auction for commercial coalmining today, but ...
May 17, 2020· Finance Minister Nirmala Sitharaman on Saturday said nearly 50 coal blocks will be offered immediately for auctions and "any party could bid for the blocks and sell in the open market."
ED gets time to suggest names for special public prosecutor in coal block allocation case The case was adjourned. It will be taken up on February 10 when the court is likely to finalise the new ...
The coal ministry had jointly allocated North Dhadu coal block in Jharkhand to JIPL alongwith other companies for captive mining of coal for its sponge iron plant at Hazaribagh. india Updated: Oct ...
Dec 17, 2019· Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP) can breathe it easy with the Centre''s decision to allot it a coal .
NTPC, the country''s biggest power generator is eyeing coal production of million tonnes (mt) from it captive Dulanga coal block in this financial year (FY20). The coal block will feed NTPC''s upcoming 1600Mw super thermal power plant at Darlipalli near Sundargarh (Odisha).
Mar 12, 2018· The InterMinisterial Group, which is meeting next week, will not immediately take a call on deallocation of 10 mines but will give one last chance to .
Apr 29, 2011· CESC Ltd will start importing two million tonnes coal a year for 20 years beginning 2014 from the South African mine of Australiabased Resource Generation. The Indian power utility has .
May 31, 2016· New evidence shows that the government itself has been allowing private companies to sell coal mined from captive coal blocks although commercial sale of coal is not legally permissible. The Coal .
Similarly, the stripping ratio for captive mines was much higher than the one for Coal India mines. During the year 201314, it was for Coal India and in the captive blocks. Such a calculation led to the cancellation of even those mines for which there are no takers even now.
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Oct 24, 2013· Latest News Most Read Most Shared Most Commented. ... As per the Office of the Coal Controller, the captive coal blocks given to private companies could have brought in 700 million tonnes, but those are mired in corruption, irregularities and delays. "The situation and the solutions are all complex," says Sethi.
Aug 26, 2014· Coal scam: SC decision likely to create overhang, says Barclays. The Supreme Court''s decision that all coal blocks allocated during 1993 to 2010 by the government have been allocated illegally and arbitrarily, is likely to create overhang in the sector, according to a report.
Govt ends monopoly in coal, to allow commercial mining Sitharaman said there will be further reforms in the mineral sector, with no distinction between the captive and noncaptive mines that will ...
Jan 09, 2020· NEW DELHI: India has opened up the coal sector completely for commercial mining for all local and global firms after easing restrictions on enduse and prior experience in auctions via an ordinance on Wednesday, but the mining minister said the move will not hurt statemonopoly Coal India. The Union Cabinet on Wednesday approved promulgation of Mineral Laws (Amendment) Ordinance .
Jan 09, 2020· The Union Cabinet''s decision on Wednesday to end captive coal mining would be disastrous for the industries concerned including steel, power .
Mar 21, 2019· Parsa is one of the 30 coal blocks in Hasdeo Arand and is owned by the Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL). The mine, which has a capacity of 5 metric tonnes per annum (MPTA), will be operated by Rajasthan Collieries Limited (RCL), a unit of Adani Enterprises Limited.
Aug 10, 2020· It ended the captive coal regime and cleared the path for commercial coal mining. In June, the coal ministry announced the first round of commercial auctions, inviting bids for 41 coal blocks .
Jun 01, 2020· Get London Metal Exchange latest news, breaking news, videos, photos, special reports, trends, top news, opinions on London Metal Exchange at Business Standard ... Nalco wins mining rights for UtkalD coal block, Eblock is next. This is an important milestone for the firm as captive coal production can cut aluminium smelting costs by 25% ...
India''s total tally now stands at 395048 including 213831 cured cases and 12948 deaths; India reports highest singleday spike of 14516 new COVID19 cases and 375 deaths in 24 hours
Mar 24, 2014· The National Green Tribunal has cancelled the clearance given by the environment minister to Parsa East and KanteBasan captive coal blocks .
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