Govt asks previous mines allottees to clear stock by April 8

Last Updated: Sunday, March 29, 2015, 11:14

Government has asked all the previous allottees of coal mines to remove by April 8 the dry fuel extracted till March 31, paving the way for smooth handover of the blocks to successful bidders.

Identifying 15-20 mines to be auctioned: Goyal

Last Updated: Thursday, March 26, 2015, 14:34

The government has recently auctioned 33 coal blocks in two phases.

Coal mines auction: Govt rejects bids of Jindal Steel, Balco

Last Updated: Saturday, March 21, 2015, 10:07

The government has cancelled bids of Jindal Steel and Power and BALCO for four coal blocks amid speculation of cartelisation.

India rejects low winning bids for 4 "outlier" coal mines

Last Updated: Saturday, March 21, 2015, 09:32

Although the winning bids for the nine mines were the highest in their individual auctions, they were low by comparison with the winning bids for other similar blocks.

Parliament passes Coal bill

Last Updated: Friday, March 20, 2015, 19:03

The crucial bill that provides legal framework for auction of coal blocks was passed by Parliament on Friday, replacing an ordinance that was to expire on April 5.

Rajya Sabha passes Coal Bill

Last Updated: Friday, March 20, 2015, 17:15

The Rajya Sabha on Friday passed the Coal Bill which will replace the Ordinance promulgated in December last year.

Govt should quickly notify successful coal bidders: Assocham

Last Updated: Friday, March 20, 2015, 14:55

Terming the re-examination of some bids in the coal auction as "unfair", industry body Assocham on Friday said the government should expeditiously notify successful bidders of mines under review.

CAG was 'very kind' in assessing losses of coal blocks allocations: FM

Last Updated: Thursday, March 19, 2015, 21:53

CAG was "very kind" when it put losses incurred due to coal blocks allocation between 2006 and 2010 at Rs 1.86 lakh crore, Finance Minister Arun Jaitley said Thursday night while highlighting that auction being undertaken by the present government had reaped much more revenue.

Post-coal bids, power cos may face Rs 1,350 cr deficit: Crisil

Last Updated: Thursday, March 19, 2015, 21:44

The recent coal block auctions might have addressed some fuel supply issues, but private power producers with nearly 10,000 MW capacity may have to face under-recovery to the extend of 65 paise per unit because of aggressive bidding, according to rating agency Crisil said.

FICCI does a U-turn; says investors upbeat on auction process

Last Updated: Thursday, March 19, 2015, 20:44

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.

States seek transfer of Rs 6,150 cr coal block levies: Goyal

Last Updated: Thursday, March 19, 2015, 19:31

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.

Govt to auction 15-20 more mines if Coal Bill passed in RS

Last Updated: Thursday, March 19, 2015, 14:15

The coal auction will resume by end of April or early May with 15-20 more mines, provided the Coal Mines bill is passed in Rajya Sabha or a new ordinance is promulgated.