Coal Block Allocations
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Supreme Court Closes Coal Block Case Against Ex-PM Manmohan Singh
A bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and V Mohana accepted the CBI's closure report giving a clean chit to Manmohan Singh.
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Proposed Ordinance Sets Roadmap for Coal Reforms, Mines to be E-Auctioned
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 blocks that were cancelled in September by the Supreme Court.
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Investment Will be in Jeopardy if Coal Blocks deallocated: Naven Jindal
Jindal Steel and Power Chairman Naveen Jindal today said that about Rs 4 lakh crore investment made to develop coal mines would be in jeopardy if the blocks be deallocated.
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Coal Block Auctions Likely by FY15 End: Report
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.
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Will All Coal Licenses be Cancelled? Verdict by September 26
The government has requested the court to exempt nearly 40 coal blocks that have either started production or are near it.
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Coal Block Allocations: SBI Says It Has Rs 4,000-Crore Exposure
State Bank of India, which has Rs 4,000-crore exposure to coal mines, on Tuesday said the banking system is unlikely to take a hard knock even if the Supreme Court cancels all the 218 coal blocks allocated between 1993 and 2010.
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Supreme Court Cancels 214 Coal Blocks; Metal Stocks Crash
Last month, the top court had declared 218 coal blocks illegal, saying that allocations since 1993 by different governments were made arbitrarily.
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IDBI Says Near Rs 2000 Crore Exposure to Companies Affected by Coal Ruling
State-run lender IDBI Bank Ltd has close to Rs 2000 crore ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.
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Supreme Court's Ruling on Coal Blocks a Bit Harsh: Assocham
In a blow to the corporate sector, the Supreme Court today quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993.
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Supreme Court Ruling on Coal Blocks Likely to Hit Economy: India Inc
The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said today.
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Coal Block Ruling: JSPL, Hindalco to be Worst Hit, Say Analysts
Jindal Steel and Power (JSPL) was allocated six blocks for its sponge iron plants and 1,000 MW power plant. Its entire 12 million tonne coal production come from mines allocated since 1993.
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Coal Block Verdict: Banks With Rs 1 Lakh Crore Exposure Sitting on Mine of Worries
Almost all banks including country's largest lender State Bank of India and private sector ICICI Bank have lent to power plants that were put up based on coal from 214 coal blocks allotted since 1993.
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Coal Blocks' Players May Have to Pay Rs 10,000 Crore as Fine: Crisil
In 2015-16, impacted players in the sponge iron and aluminum sectors are expected to witness a 900-1,000 bps and 300-400 bps decline, respectively, in operating profitability, it added.
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Coal Blocks Cancellation May Push Current Account Deficit Up $700 Million: SBI
The Supreme Court's decision to cancel coal block allocations may have a "marginal" impact on current account deficit and net burden on the deficit would be an additional $700 million, according to an SBI report.
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Coal Block Verdict: Banks to Ask RBI for Recasting Loans, Says Financial Services Secretary
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 assets.
-
Supreme Court Closes Coal Block Case Against Ex-PM Manmohan Singh
A bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and V Mohana accepted the CBI's closure report giving a clean chit to Manmohan Singh.
-
Proposed Ordinance Sets Roadmap for Coal Reforms, Mines to be E-Auctioned
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 blocks that were cancelled in September by the Supreme Court.
-
Investment Will be in Jeopardy if Coal Blocks deallocated: Naven Jindal
Jindal Steel and Power Chairman Naveen Jindal today said that about Rs 4 lakh crore investment made to develop coal mines would be in jeopardy if the blocks be deallocated.
-
Coal Block Auctions Likely by FY15 End: Report
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.
-
Will All Coal Licenses be Cancelled? Verdict by September 26
The government has requested the court to exempt nearly 40 coal blocks that have either started production or are near it.
-
Coal Block Allocations: SBI Says It Has Rs 4,000-Crore Exposure
State Bank of India, which has Rs 4,000-crore exposure to coal mines, on Tuesday said the banking system is unlikely to take a hard knock even if the Supreme Court cancels all the 218 coal blocks allocated between 1993 and 2010.
-
Supreme Court Cancels 214 Coal Blocks; Metal Stocks Crash
Last month, the top court had declared 218 coal blocks illegal, saying that allocations since 1993 by different governments were made arbitrarily.
-
IDBI Says Near Rs 2000 Crore Exposure to Companies Affected by Coal Ruling
State-run lender IDBI Bank Ltd has close to Rs 2000 crore ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.
-
Supreme Court's Ruling on Coal Blocks a Bit Harsh: Assocham
In a blow to the corporate sector, the Supreme Court today quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993.
-
Supreme Court Ruling on Coal Blocks Likely to Hit Economy: India Inc
The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said today.
-
Coal Block Ruling: JSPL, Hindalco to be Worst Hit, Say Analysts
Jindal Steel and Power (JSPL) was allocated six blocks for its sponge iron plants and 1,000 MW power plant. Its entire 12 million tonne coal production come from mines allocated since 1993.
-
Coal Block Verdict: Banks With Rs 1 Lakh Crore Exposure Sitting on Mine of Worries
Almost all banks including country's largest lender State Bank of India and private sector ICICI Bank have lent to power plants that were put up based on coal from 214 coal blocks allotted since 1993.
-
Coal Blocks' Players May Have to Pay Rs 10,000 Crore as Fine: Crisil
In 2015-16, impacted players in the sponge iron and aluminum sectors are expected to witness a 900-1,000 bps and 300-400 bps decline, respectively, in operating profitability, it added.
-
Coal Blocks Cancellation May Push Current Account Deficit Up $700 Million: SBI
The Supreme Court's decision to cancel coal block allocations may have a "marginal" impact on current account deficit and net burden on the deficit would be an additional $700 million, according to an SBI report.
-
Coal Block Verdict: Banks to Ask RBI for Recasting Loans, Says Financial Services Secretary
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 assets.
