After coal, spectrum auction may fetch over Rs 1 lakh cr
"The EMD amount, which is the highest so far, shows that there is high demand of spectrum and we are looking forward to a successful spectrum auction," a Department of Telecom official said.
Feb 22, 2015, 16:34 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
Allow Birla Corp in 2nd phase of coal auction: HC to govt
The Delhi High Court on Friday asked the government to allow Birla Corporation Ltd to participate in the bidding in the second phase for allocation of a coal block in Madhya Pradesh for which the company was disqualified in the first phase of auction due to its failure to attach relevant documents.
Feb 20, 2015, 20:52 PM IST
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
Second tranche of coal auctions from Feb 25, Rs 84,000 crore mopped up till now
The government has till now raised nearly Rs 84,000 crore.
Feb 20, 2015, 15:07 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
Aditya Birla group firm Hindalco wins another coal mine
Hindalco has bagged two mines out of the 13 put on offer so far.
Feb 19, 2015, 10:48 AM 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
HC junks Sarda plea against two-phased coal auction process
Delhi High Court on Wednesday lifted the stay on final bidding for three Chhattisgarh coal blocks and dismissed a plea of Sarda Energy and Minerals Ltd's challenging the two-phased coal auction process saying it was not arbitrary or irrational.
Feb 18, 2015, 15:52 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 auctions to ensure cheaper power: FM Jaitley
Finance Minister Arun Jaitley on Tuesday said the ongoing auction of coal mines would help in ensuring cheaper electricity to the common man in a sustained manner as against the practice of states subsidising power.
Feb 17, 2015, 19:07 PM IST
Coal auction: Jaiprakash, Durgapur Proj, BS Ispat win one coal mine each
Three companies -- Jaiprakash Associates, Durgapur Projects and B S Ispat -- bagged one mine each on the third day of auction Monday, taking the total number of coal blocks sold through e-auction to eight so far.
Feb 16, 2015, 23:01 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
Coal auction: Govt gets 130 technical bids for 21 mines
The government today received 130 preliminary bids from companies like Essar Power, Hindalco, Adani Power and Jindal Power for 21 coal blocks on offer in the second tranche of ongoing auction.
Feb 15, 2015, 18:35 PM IST
Coal block auction begins: Ambanis, Adanis in the race
Auction of coal blocks began on Saturday for the first time with corporate honchos Ambanis, Adanis and Birlas queuing up for the two mines being offered on day one.
Feb 14, 2015, 12:04 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
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
