CBI registers case against BS Ispat in a coal scam case

Last Updated: Wednesday, April 1, 2015, 20:18

A fresh case in the coal scam has been registered by CBI against Nagpur-based B S Ispat for alleged misrepresentation of facts while applying for a coal block in Wardha in Maharashtra, allocated to the company during the NDA government in 2001.

Essar Power to start mining from Tokisud block in Jharkhand

Last Updated: Tuesday, March 24, 2015, 15:01

Essar Power will commence mining at its Jharkhand coal block in next few months to help the company restart its Mahaan power plant, lying idle due to lack of fuel since last 18 months.

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.

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

Last Updated: Thursday, March 19, 2015, 19:38

"Private power producers with a capacity of 10,000 MW, who bid the highest at the recently concluded coal block auctions, are staring at 65 paise per unit under-recovery in variable cost because of aggressive bidding," the agency's research arm said in a statement here on Thursday.

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.

Withholding award of coal mines to hit biz sentiment: Ficci

Last Updated: Wednesday, March 18, 2015, 20:31

Amid government re-examining the bids for nine recently auctioned coal blocks, industry body Ficci on Wednesday said any instance of reversing the process or withholding an award will adversely impact the overall business sentiment.

Coal auction: Govt names 8 winners in 2nd lot; withholds 6 names

Last Updated: Monday, March 16, 2015, 22:44

The names of successful firms pertaining to six coal blocks that went under the hammer in the second lot are missing from the government's list of winning bidders.

India Inc. seeks speedy disposal of coal block cases

Last Updated: Thursday, March 12, 2015, 17:49

India Inc. on Thursday sought a speedy disposal of the coal block allocations cases against some industrialists like Kumar Mangalam Birla to avoid embarrassment for Indian business leaders and group organisations.

Fully concious about seriousness of case involving ex-PM: Court

Last Updated: Wednesday, March 11, 2015, 23:49

A special court Wednesday observed it was "fully conscious" about the seriousness of the Talabira II coal block allocation allegedly involving a former Prime Minister and a top industrialist but only a prima facie opinion was required to be formed at this stage to summon them as accused.

Coal Minister can't give go by to established procedure: Court

Last Updated: Wednesday, March 11, 2015, 21:24

Coal Minister cannot give a go by to the established procedure and guidelines on the issue of coal block allocation while exercising discretion conferred on him as any contravention of the settled process would be "clearly bad in law", a special court observed Wednesday.