FICCI does a U-turn; says investors upbeat on auction process
In a volte-face, Ficci Thursday said the overwhelming response from investors to the ongoing coal block auctions is a testimony to the emerging opportunities in the sector and it expects "renewed investor interest" in the Indian economy.
Mar 19, 2015, 20:44 PM IST
Post-coal bids, power cos may face Rs 1,350cr deficit: Crisil
"Private power producers with a capacity of 10,000 MW, who bid the highest at the recently concluded coal block auctions, are staring at 65 paise per unit under-recovery in variable cost because of aggressive bidding," the agency's research arm said in a statement here on Thursday.
Mar 19, 2015, 19:38 PM IST
States seek transfer of Rs 6,150 cr coal block levies: Goyal
The Coal Ministry has received requests from various coal/lignite bearing states for transfer of additional levy of Rs 6,149.6 crore collected by the Centre from the owners of operational blocks cancelled by the Supreme Court, Parliament was informed Thursday.
Mar 19, 2015, 19:31 PM IST
Govt may give 9 mines being re-examined to Coal India
The government is likely to give nine coal mines to state-run Coal India Ltd (CIL) in case the ongoing scrutiny establishes that there was cartelisation in the recent auction for these blocks.
Mar 18, 2015, 20:36 PM IST
Withholding award of coal mines to hit biz sentiment: Ficci
Amid government re-examining the bids for nine recently auctioned coal blocks, industry body Ficci on Wednesday said any instance of reversing the process or withholding an award will adversely impact the overall business sentiment.
Mar 18, 2015, 20:31 PM IST
Coal bill may clear RS hurdle, mines bill to go back to LS
The crucial bill that provides for auctioning of coal may clear the Rajya Sabha hurdle after a Select Committee endorsed it by majority, though some members dissented, but a bill relating to other minerals will have to go back to Lok Sabha because of an amendment suggested by another panel.
Mar 18, 2015, 18:21 PM IST
No modification needed in Bill for coal auction: Parl panel
The Bill that seek to replace the Ordinance issued by the government was passed by Lok Sabha but had to be referred to the Rajya Sabha Select Committee.
Mar 18, 2015, 16:00 PM IST
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
Coal scam: Hidden hand controlling Bhushan's mind, Ranjit Sinha to SC
Backed by CBI, its former Chief Ranjit Sinha Monday alleged in the Supreme Court that a "hidden hand" was a "controlling mind" of lawyer Prashant Bhushan, who has showered against him barrage of charges for purportedly interfering and scuttling the probe into coalgate.
Mar 16, 2015, 20:46 PM IST
Coal scam: Response on issue of sanction awaited, says CBI
CBI Monday informed a special court that it was awaiting the response of competent authority on the issue of sanction to prosecute public servants allegedly involved in two separate cases registered in the coal blocks allocation scam case.
Mar 16, 2015, 18:18 PM IST
Coal scam: Court frames charges against JIPL, Rungtas'
Jharkhand Ispat Pvt Ltd (JIPL) and its two directors R C Rungta and R S Rungta were Monday put on trial by a special court which framed charges against them for securing allotment of North Dhadu coal block in Jharkhand allegedly on the basis of false and forged documents.
Mar 16, 2015, 16:56 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
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
Fully concious about seriousness of case involving ex-PM: Court
A special court Wednesday observed it was "fully conscious" about the seriousness of the Talabira II coal block allocation allegedly involving a former Prime Minister and a top industrialist but only a prima facie opinion was required to be formed at this stage to summon them as accused.
Mar 11, 2015, 23:49 PM IST
Summons for Birla: CII warns of uncertainty among investors
With a special CBI court issuing summons to industrialist Kumar Mangalam Birla as an accused in a coal scam case, apex industry body CII Wednesday said such orders can create "uncertainty and anxiety among investors" and dissuade them from investing in the country.
Mar 11, 2015, 22:22 PM IST
Govt starts evaluation of 43 mines to be alloted to PSUs
The government has started the process of evaluating applications from state government companies and CPSUs like SAIL, NTPC and Neyveli Lignite for allotment of 43 mines.
Mar 11, 2015, 22:21 PM IST
Distinction on role of PM in coal scam and 2G scam: Court
A special court which Wednesday summoned former Prime Minister Manmohan Singh as accused in a coal block allocation scam case took abundant caution in discussing his role and position by keeping in mind the observation of the Supreme Court in 2G spectrum scam in which his name was also raked up.
Mar 11, 2015, 21:58 PM IST
