Sunday January 18, 2015
Mahan coal block in Singrauli coalfields in Madhya Pradesh was earlier allocated in 2006 to Essar Power and Hindalco Industries for their end-use plants.
Tuesday January 13, 2015
There is a proposal to sell 10 per cent stake in Coal India which is likely to get the government Rs 24,000 crore at current prices.
Friday December 26, 2014
The inter-ministerial group (IMG) on coal blocks will meet next week to examine the issue of bank guarantee of blocks which was reviewed by it earlier.
India | Indo-Asian News Service | Saturday December 20, 2014
Former Comptroller and Auditor General (CAG) Vinod Rai has been requested by the Indian Railways to evolve a transparency mechanism for the functioning of the ministry and its operations.
Saturday December 13, 2014
The government on Friday said it has finalised rules for the auction of 204 coal mines that were deallocated by the Supreme Court.
India | Press Trust of India | Friday December 12, 2014
Former Jharkhand Chief Minister Madhu Koda, ex-Jharkhand chief secretary Ashok Kumar Basu and six others have been chargesheeted by the CBI in a coal block allocation scam case.
Wednesday December 10, 2014
The government has lined up a host of PSUs, including ONGC, Coal India and NHPC, for disinvestment in the current fiscal. The Centre hopes to garner Rs 43,425 crore through the stake sale.
Wednesday December 10, 2014
The coal ministry in November unveiled draft rules for auction of 204 coal blocks cancelled by top court earlier.
Thursday December 4, 2014
Out of the 92 coal blocks to be alloted and auctioned in the first lot, 57 mines would be given to the power sector, while the remaining mines would be for the sectors like steel and cement, the Secretary said.
Sunday November 30, 2014
Coal India executives have sought Prime Minister Narendra Modi's intervention for implementation of performance related pay (PRP) for nearly 19,000 officers of the world's largest miner.
India | Reported by Sunetra Choudhury, Tanima Biswas; Edited by Mala Das | Tuesday November 25, 2014
A court in Delhi today asked the country's premier investigating agency why it had not questioned former Prime Minister Manmohan Singh about the controversial and allegedly illegal allocation in 2005 of a coal block to a firm owned by billionaire Kum...
Friday November 21, 2014
The Coal Ministry is working out the valuation of the auction-bound blocks. Also, the Government is finalising on the number of blocks to be auctioned to private companies and those allocated to be public sector undertakings.
Thursday November 20, 2014
The coal ministry on Wednesday unveiled draft rules for auction of 204 coal blocks cancelled by the Supreme Court earlier.
Wednesday November 12, 2014
The nine-member Inter-Ministerial Committee (IMC) under the Chairmanship of Additional Secretary Coal has members from the ministries like power, steel and law, the coal ministry said in an official communication.
Monday October 27, 2014
The Associated Chambers of Commerce and Industry (Assocham) on Monday suggested the government to give preference in the auction of coal mines to captive block allocatees whose end-use plants were operational at the time Supreme Court quashed allocat...
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.