Tuesday October 21, 2014
Finance Minister Arun Jaitley on Monday signalled that the government may allow commercial use of mines in the future, but did not indicate when. The government is also using an executive order or Ordinance to acquire the land of nearly 214 coal bloc...
Wednesday October 8, 2014
The government wants to sell a 10 percent stake in the state-owned company this fiscal year ending March 31 as part of many divestments aimed at bolstering its stressed finances.
Sunday October 5, 2014
The Coal Ministry has formed an inter-ministerial group (IMG) to study the trend in the rail freight tariffs over the last two-three years and its impact on the price of coal.
Tuesday September 30, 2014
Acknowledging that the Supreme Court's order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said the lenders will approach the Reserve Bank of India (RBI) for restructuring such ...
Sunday September 28, 2014
Coal India is without a full-time chairman since May-end when S. Narsing Rao resigned. A K Dubey, additional secretary in Ministry of Coal, is officiating as chairman till a full-time chief executive is appointed.
Tuesday September 23, 2014
State-owned Coal India Ltd (CIL) on Tuesday said the government has decided to extend the tenure of its acting chairman A K Dubey for another three months.
Monday September 22, 2014
State-owned Coal India Ltd (CIL) has so far entered into fuel supply pacts with 161 power units for a capacity of 73,675 MW.
Sunday September 21, 2014
The proposal for diversion of forest land for Jindal Steel and Power Ltd's (JSPL) coal mining project in Jharkhand may come up for discussion in a high-level panel meeting likely this week.
Monday September 8, 2014
The apex court will continue the hearing on the fate of coal blocks allotted between 1993 and 2011 tomorrow. Last month, the Supreme Court had held that all 218 allocations made from 1993 to 2011 are illegal and arbitrary.
Thursday September 4, 2014
The ministry is of the view that pre-2009 plants should not be included in this arrangement as share of the public sector is 98 per cent of the total capacity.
Thursday September 4, 2014
Amid acute shortage of coal for the power sector, Coal India Limited has accepted the government's request for drastically reducing its e-auctions to almost half.
Wednesday September 3, 2014
The government had earlier floated draft note to seek the approval of the Cabinet for permitting loss and the marginally profit-making subsidiaries of CIL to adopt 2007 pay revision as an exception to the prescribed affordability clause and payment o...
India | Edited by Zoya Anna Thomas | Friday August 29, 2014
The CBI has said it would like to end its investigation into one of the most controversial episodes of the scandal known as "Coal-gate" - as it has found "no evidence of criminality" in the allegation that one of the country's most-respected industri...
Tuesday August 26, 2014
The Power Ministry has sought suggestions of various ministries like coal, finance, law and environment on its draft note that seeks to ensure coal supplies for the thermal power plants, said a source close to the development.
Thursday August 7, 2014
The Coal Ministry has said it is studying the recommendations of consultants Deloitte on restructuring options for Coal India Ltd (CIL), the state behemoth that has failed to meet its output target for years despite having access to large reserves.
Monday July 28, 2014
Gearing up to meet the Rs 43,000 crore disinvestment target, the Finance Ministry has decided to go in for the offer for sale (OFS) route to sell government stake in the state-owned companies starting with SAIL in September.
India | Sreenivasan Jain | Sunday July 20, 2014
The skirmish between the Coal Ministry and the National Thermal Power Corporation took a new twist today, with the ministry rebutting claims that there is a shortfall of coal supply to plants operated by NTPC.
Thursday July 17, 2014
State-run NTPC has asked the power ministry to ensure more coal is sent to the six plants - which have a combined capacity of 16,840 megawatts or 15 per cent of India's total energy capacity from coal-fired plants - particularly as the incoming monso...
Sunday July 13, 2014
The government has fixed a production target of about 68 million tonnes for captive coal mines allocated to various companies, including SAIL, JSPL and Sasan Power, for this fiscal as imports of the dry fuel are rising due to widening demand-supply g...
Sunday July 13, 2014
The board of state-run Coal India (CIL) is looking into the quality issue, amid Power Ministry alleging that stones and boulders are still present in the fuel being supplied to power plants even after introduction of a third-party sampling mechanism.