Palma Iv
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Coal India 'Taking Steps' to Restart Mining of Gare Palma IV/1 Block
Coal Minister Piyush Goyal on Thursday told the Lok Sabha that state-owned Coal India Limited (CIL), the designated custodian for Gare Palma IV/1 coal mine in Chhattisgarh, has taken steps to restart mining work of the block.
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Coal India's Decision to Cancel Fuel Won by Jindal Power Under Court Lens
The Delhi High Court on Monday asked Coal India Ltd (CIL) how it was offering coal from two Chhattisgarh mines to National Thermal Power Corporation (NTPC) when it had cited production issues to cancel an e-auction of 49,000 metric tonnes (MT) of the mineral, mined from the same area, won by Jindal Power Ltd (JPL).
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Received Complaints Over Cartelisation in Coal Bidding: Government
The government has not approved the recommendation of nominated authority (NA) for declaration of successful bidder in case of four coal mines-Gare Palma IV/2, Gare Palma IV/3, Gare Palma IV/1 and Tara -- as final closing bid price was not found to be reflecting fair value, he said.
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JSPL Shares Jump Ahead of Court's Verdict
JSPL made the highest bid for the Gare Palma IV 2&3 coal block at a price of Rs 108 per tonne and Tara coal block at Rs 126 per tonne.
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JSPL Gains as Delhi High Court Gives Partial Relief
Yesterday the government had allotted Gare Palma IV/2&3 and Tara coal block to Coal India despite JSPL emerging as the top bidder.
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Jindal Steel Slumps 15% after Government Rejects Bids for 3 Coal Mines
Analysts say rejection of bids will likely be negative for JSPL as the rejected coal blocks assured security for its power business. JSPL will now have to look at next round of auctions.
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Hindalco Jumps 3%; Bags Highest Number of Coal Blocks
On Saturday Hindalco bagged the Gare Palma IV/4 coal block by bidding Rs 3,001 per tonne. On February 19, it had bagged the Gare IV/5 mine in Chhattisgarh and on February 15 it won the Kathautia mine in Jharkhand.
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Monnet Ispat & Energy Wins Coal Block in Chattisgarh
The government was successful in selling all the 19 mines in the first lot of auction which began on February 14.
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Hindalco Industries Wins One More Coal Block; Total 3
Hindalco emerged as the successful bidder among companies like ACC, Balco, Godawari Power and Ispat, Jayaswal Neco Industries, Rungta Mines and SKS Ispat and Power which were vying for it.
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Hindalco Wins Another Coal Mine
The companies that were bidding for Gare Palma IV-5 mine are Ambuja Cements Ltd, BALCO, Hindalco Industries, Monnet Ispat and Energy Ltd, Rungta Mines Ltd, Sarda Energy and Minerals Ltd and Sesa Sterlite Ltd.
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JSPL Firms Up by 6% after Delhi High Court Decision
A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva took out Utkal B1 and B2 blocks in Odisha and Gare Palma IV/6 in Chhattisgarh, from the auction process, saying that while changing end-use of these blocks to power sector, the aspect of its adverse impact on steel sector "has not been considered".
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JSPL Slumps 14% After CBI Files Case on Coal Mining
The CBI has lodged a First information Report (FIR) against JSPL for illegal mining beyond the approved area and excess coal mining in the Gare Palma IV/1 block, allocated to JSPL in June 1996 for production of sponge iron.
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Coal India 'Taking Steps' to Restart Mining of Gare Palma IV/1 Block
Coal Minister Piyush Goyal on Thursday told the Lok Sabha that state-owned Coal India Limited (CIL), the designated custodian for Gare Palma IV/1 coal mine in Chhattisgarh, has taken steps to restart mining work of the block.
-
Coal India's Decision to Cancel Fuel Won by Jindal Power Under Court Lens
The Delhi High Court on Monday asked Coal India Ltd (CIL) how it was offering coal from two Chhattisgarh mines to National Thermal Power Corporation (NTPC) when it had cited production issues to cancel an e-auction of 49,000 metric tonnes (MT) of the mineral, mined from the same area, won by Jindal Power Ltd (JPL).
-
Received Complaints Over Cartelisation in Coal Bidding: Government
The government has not approved the recommendation of nominated authority (NA) for declaration of successful bidder in case of four coal mines-Gare Palma IV/2, Gare Palma IV/3, Gare Palma IV/1 and Tara -- as final closing bid price was not found to be reflecting fair value, he said.
-
JSPL Shares Jump Ahead of Court's Verdict
JSPL made the highest bid for the Gare Palma IV 2&3 coal block at a price of Rs 108 per tonne and Tara coal block at Rs 126 per tonne.
-
JSPL Gains as Delhi High Court Gives Partial Relief
Yesterday the government had allotted Gare Palma IV/2&3 and Tara coal block to Coal India despite JSPL emerging as the top bidder.
-
Jindal Steel Slumps 15% after Government Rejects Bids for 3 Coal Mines
Analysts say rejection of bids will likely be negative for JSPL as the rejected coal blocks assured security for its power business. JSPL will now have to look at next round of auctions.
-
Hindalco Jumps 3%; Bags Highest Number of Coal Blocks
On Saturday Hindalco bagged the Gare Palma IV/4 coal block by bidding Rs 3,001 per tonne. On February 19, it had bagged the Gare IV/5 mine in Chhattisgarh and on February 15 it won the Kathautia mine in Jharkhand.
-
Monnet Ispat & Energy Wins Coal Block in Chattisgarh
The government was successful in selling all the 19 mines in the first lot of auction which began on February 14.
-
Hindalco Industries Wins One More Coal Block; Total 3
Hindalco emerged as the successful bidder among companies like ACC, Balco, Godawari Power and Ispat, Jayaswal Neco Industries, Rungta Mines and SKS Ispat and Power which were vying for it.
-
Hindalco Wins Another Coal Mine
The companies that were bidding for Gare Palma IV-5 mine are Ambuja Cements Ltd, BALCO, Hindalco Industries, Monnet Ispat and Energy Ltd, Rungta Mines Ltd, Sarda Energy and Minerals Ltd and Sesa Sterlite Ltd.
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JSPL Firms Up by 6% after Delhi High Court Decision
A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva took out Utkal B1 and B2 blocks in Odisha and Gare Palma IV/6 in Chhattisgarh, from the auction process, saying that while changing end-use of these blocks to power sector, the aspect of its adverse impact on steel sector "has not been considered".
-
JSPL Slumps 14% After CBI Files Case on Coal Mining
The CBI has lodged a First information Report (FIR) against JSPL for illegal mining beyond the approved area and excess coal mining in the Gare Palma IV/1 block, allocated to JSPL in June 1996 for production of sponge iron.
