CIL stake sale begins; shares tank nearly 4% in early trade

Last Updated: Friday, January 30, 2015, 11:26

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

CIL stake sale today; government eyes Rs 22,600 cr

Last Updated: Friday, January 30, 2015, 08:48

The floor price was fixed on Thursday at a discount of about 5 percent from the current market price of Coal India (CIL), where the government presently holds nearly 90 percent stake.

Legal fight steps up against Adani's coal mine in Australia

Last Updated: Thursday, January 15, 2015, 12:00

An Australian environmental group launched a legal challenge against Adani Enterprises’ $7 billion Carmichael coal mine project in the Galilee Basin.

Govt drops 1 coal mine from list of blocks put under auction

Last Updated: Monday, January 5, 2015, 18:40

The government has dropped one coal block from the list of 24 mines, that have been put under the hammer in the first tranche, due to "technical reasons".

Coal auction: 7 mines in Chhattisgarh, 6 in MP are on offer

Last Updated: Saturday, December 27, 2014, 21:52

In the first tranche of coal block auction, government on Saturday invited bids for 24 mines, including seven in Chhattisgarh.

Government launches auction process for 24 coal mines

Last Updated: Thursday, December 25, 2014, 17:37

The government on Thursday kickstarted the auction process for cancelled coal mines with the launch of a portal for electronic bidding for 24 coal blocks in the first tranche.

Adani, Downer EDI in $2 billion deal

Last Updated: Friday, December 19, 2014, 12:36

Australian Engineering Group Downer EDI has won a 2 billion dollar contract from Adani Group's Carmichael Coal Mine project in Queensland in one of the largest deals of its type signed in the country in recent years.

Plan to get clearances for 112 mines before auction: Govt

Last Updated: Wednesday, December 10, 2014, 19:04

Government is looking at the possibility of putting in place all clearances for 112 mines before they are auctioned in the second phase, so that they fetch higher revenue for the exchequer, a top official said Wednesday.

Coal mine official held for accepting Rs 8,000 bribe

Last Updated: Friday, January 17, 2014, 14:52

A person working in a coal mine in Chandrapur was caught for allegedly accepting a bribe of Rs 8,000 from a local transporter.

Birla Corp to take legal recourse against mine deallocation

Last Updated: Thursday, January 9, 2014, 15:25

Birla Corporation, the flagship company of the M P Birla Group, is taking legal recourse against the Coal Ministry's decision to deallocate its coal block in Madhya Pradesh.

China coal mine accidents kill 1,049 in 2013

Last Updated: Monday, January 6, 2014, 13:12

Accidents in Chinese coal mines killed 1,049 people last year, down 24 percent from 2012, authorities said, reflecting both risks and improvements in the country`s thriving and often under-regulated sector.

Govt asks CIL arm to appoint 2 consultants for coal mine bids

Last Updated: Sunday, January 5, 2014, 14:25

The government has asked Coal India Ltd's mine planning and consultancy arm CMPDIL to appoint two separate consultants, including Crisil, to help in the process of coal mine auction.