Coal auction: Manmohan Singh's incident will not be repeated, says Arun Jaitley
Days after a court summoned former Prime Minister Manmohan Singh in a coal block scam case, Finance Minister Arun Jaitley Tuesday said the present government is pursuing the policy of auctioning coal blocks as it wants to avoid a similar situation.
Mar 17, 2015, 19:25 PM IST
Bids for 9 coal mines being re-examined; decision by weekend
The government is re-examining the bids for nine recently auctioned coal blocks, including those where Balco emerged top bidders, amid speculation of cartelisation during the bidding process.
Mar 17, 2015, 18:59 PM IST
Coal auction: Govt names 8 winners in 2nd lot; withholds 6 names
The names of successful firms pertaining to six coal blocks that went under the hammer in the second lot are missing from the government's list of winning bidders.
Mar 16, 2015, 22:44 PM IST
Govt to issue ownership rights of 15 coal mines on March 23
As many as nineteen mines under Schedule II (already in production) category were auctioned in the first leg held between February 14 and February 22.
Mar 15, 2015, 12:49 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
Rs 2 L cr revenue likely from 33 coal mines already auctioned
The government Thursday said around Rs 2.09 lakh crore revenue is likely to be generated from 33 coal mines already auctioned.
Mar 12, 2015, 20:38 PM IST
Coal auction: IMG to take final decision on 3 coal blocks
As per sources, Gare Palma 1V/1, 1V/2, 1V/3 and Marki Mangli block have been accused of cartelisation during the bidding process of coal auction.
Mar 12, 2015, 12:51 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
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 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
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
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
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
Monnet Ispat shares end over 9% higher on winning coal block
Shares of Monnet Ispat & Energy Monday ended the day with over 9 percent gains after the company bagged one coal block in Chhattisgarh on the last day of the auction yesterday.
Feb 23, 2015, 18:51 PM IST
Hindalco shares pare early gains; down over 1% at close
Paring early gains, shares of Hindalco Industries ended over 1 percent lower today in-line with an overall weak stock market, even as the company bagged maximum number of mines in the first phase of auction.
Feb 23, 2015, 18:50 PM IST
Auction of coal mines to lower power tariff: President
The government is committed to bringing transparency in the allocation of natural resources including coal, the auctions for which have started and would result in lowering power tariff, President Pranab Mukherjee said today.
Feb 23, 2015, 15:57 PM IST
