COAL

  • Coal scam: CBI files revised closure report in KM Birla case 5 days ago

    New Delhi: The CBI on Tuesday filed a "detailed and comprehensive" revised final closure report before a special court in a coal block allocation scam case involving top industrialist Kumar Mangalam Birla, former coal secretary PC Parakh and others. The agency filed the report before Special CBI Judge Bharat Parashar and...
  • Centre to issue ordinance to auction cancelled coal blocks, says 'UPA's mess will be cleaned up' 5 days ago

    New Delhi: Weeks after the Supreme Court cancelled allocation of 214 coal blocks, the government on Monday moved to bring an Ordinance that will enable it to acquire the land of these mines along with plants for auction later. "India will bring in the Ordinance to help auction of coal blocks...
  • Coalgate: CBI registers case against Jindal Steel & Power 6 days ago

    New Delhi: A case of alleged cheating and corruption has been registered by CBI against Jindal Steel and Power company relating to the probe into coal blocks allocated during 1993-2005 period. CBI spokesperson said on Sunday that it is the 36th FIR in connection with its probe in the coal...
  • Bullet News: Catch the day's top stories October 17, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • News 360: Supreme Court grants bail to Jayalalithaa October 17, 2014

    The Supreme Court has granted bail to former Tamil Nadu chief minister J Jayalalithaa's and has suspended her sentence. This was the last chance for Jayalalithaa to get a bail before Diwali as the apex court will go on leave for a week after Friday. ...
  • India@9 with Anubha Bhonsle October 17, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Coalgate: CBI likely to appeal against adverse comments of Special Judge October 16, 2014

    New Delhi: CBI will soon move an appeal against the order of a Special Judge wherein he rejected the closure report filed by the agency against a company in coal scam case and made some adverse remarks against the agency officials probing the case. Highly placed sources in CBI said...
  • Companies given 6 months to wind up, can't be stopped from mining coal: SC October 16, 2014

    New Delhi: The Supreme Court on Thursday refused to restrain coal companies, which were directed to wind up mining operations in six months after their coal block allocations were cancelled by it, from extracting coal during this period and selling it in the market. A bench headed by Chief Justice HL...
  • Coalgate: Closure report approved by Ranjit Sinha lacks logic, says Court October 15, 2014

    New Delhi: CBI Director Ranjit Sinha on Wednesday drew flak from a special court which said that the closure report approved by him in a coal block allocation scam lacked any legally sustainable "reasons or logic". The court, which ordered further probe in one of the case arising from coal...
  • NTPC to seek clarification from SC on 3 mines October 7, 2014

    Mumbai: National Thermal Power Corporation on Tuesday said that it would seek a clarification from the Supreme Court on its recent order that cancelled the allocation of three coal mines that belonged the state-owned firm. Of the 218 coal mines reviewed by the apex court,...
  • NGT orders coal miners and transporters to pay Rs 400 crore royalty October 7, 2014

    Shillong: The National Green Tribunal (NGT) ordered coal miners and transporters of Meghalaya to pay about Rs 400 crore royalty to the state government as per Mines Development and Regulation Act, 1957, before transporting the 6.3 million tonnes of extracted coal lying in depots across the state. While delivering the...
  • Government seeks AG's opinion on need for Ordinance on coal blocks October 6, 2014

    New Delhi: The Coal Ministry has sought the opinion of Attorney General on whether the government needs to bring out an Ordinance to deal with the issues arising from the Supreme Court decision to deallocate coal mines. The issues that need to be resolved by...
  • Power generation in Gujarat unaffected due to coal shortage: Saurabh Patel October 5, 2014

    Vadodara: Power generation in Gujarat is not affected due to coal shortage and the state is meeting demand of its various consumers without imposing any restrictions, Energy Minister Saurabhbhai Patel said. Power generation at coal-based thermal stations located at Wanakbori (with 1,470 mw installed capacity), Gandhinagar (870 mw capacity), Ukai...
  • Coal Ministry sets up IMG to study rail freight tariff October 5, 2014

    New Delhi: The Coal Ministry has formed an inter-ministerial group to study the trend in the rail freight tariffs over the last two-three years and its impact on the price of coal. The six-member group, under the chairmanship of Joint Secretary, Coal, has representatives from...
  • Coalgate: CBI files closure report, clean chit to government servants September 30, 2014

    New Delhi: CBI on Tuesday filed a revised closure report regarding the role of public servants in a coal blocks allocation scam case in which Navbharat Power Pvt Ltd and others were earlier chargesheeted as accused. CBI, in its revised supplementary report, told Special CBI Judge...
  • Coalgate: System has flexibility to deal with loans, says Raghuram Rajan September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said that there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue...
  • System has flexibility to deal with loans: Raghuram Rajan on Coalgate September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue is putting...
  • SC order on coal block allocations: Banks to ask RBI for recasting loans September 29, 2014

    Mumbai: Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said that the lenders will approach RBI for restructuring such assets. "Some impact may be there, and what exactly it will be is being...
  • SC verdict provides opportunity to initiate reforms September 25, 2014

    New Delhi: A day after Supreme Court scrapped the allocation of 214 out of 218 coal blocks since 1993, a city-based research and advocacy think-tank on Thursday said that the apex court's intervention provides an opportunity to initiate reforms in the entire mining sector. Centre for Science and Environment (CSE) said...
  • SC verdict on coal blocks: Mahagenco to seek Centre's intervention for linkage September 25, 2014

    Mumbai: A day after the Supreme Court cancelled allocation of 214 coal blocks, state power generator Mahagenco on Wednesday said that it will seek Centre's intervention to ensure coal linkage for its plants which are linked with some of these blocks. "Mahagenco is making efforts to assess and minimise the impact...
  • Supreme Court verdict scrapping coal blocks to weigh on lenders September 25, 2014

    Mumbai: The Supreme Court verdict scrapping most coal extraction permits given to companies over two decades has raised concerns that loans to the holders of the permits could turn sour, piling pressure on lenders already battling a rise in bad loans. The court said on Wednesday that companies will have until...
  • SC scraps coal allocations, firms likely to pay Rs 7,905 cr in penalty September 24, 2014

    New Delhi: Jindal Steel and Power Ltd, Hindalco and other companies whose coal mine allocations were scrapped by the Supreme Court on Wednesday are likely to pay about Rs 7,905 crore in penalty. The Supreme Court while cancelling 214 of 218 coal mine permits given to companies for their own...
  • Bullet News: Catch the day's top stories September 24, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey September 24, 2014

    Catch the day's top stories on India @ 9 with Bhupendra Chaubey from New Jersey. ...
  • News 360: ISRO orbiter Mangalyaan sends Mars pictures September 24, 2014

    It's been just 12 hours since India's first interplanetary mission, the Mars orbiter, entered the red planet's orbit successfully and it is already hard at work. The Mangalyaan has sent back five photographs of Mars. The Indian Space Research Organisation (ISRO) confirmed that their ground station had receieved the first...
  • SC accepted our suggestion on coal block cancellation: Sriprakash Jaiswal September 24, 2014

    New Delhi: Former Coal Minister Sriprakash Jaiswal on Wednesday said that the Supreme Court has accepted the previous UPA government's suggestion of cancellation of coal blocks which were allocated since 1993. The Supreme Court on Wednesday quashed allocation of 214 which were alloted to various companies since 1993. "The Supreme Court...
  • SC cancels 214 coal block allocations, says government free to auction all after March 2015 September 24, 2014

    New Delhi: Almost a month after the country's top court declared 218 coal block allocations made between 1993 and 2009 as illegal and non-transparent, the apex court on Wednesday cancelled 214 allocations dealing a blow to the coal companies. The highlights of the judgement, that takes a critical view of the...
  • SC judgement on Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries September 24, 2014

    New Delhi: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender State Bank of India and private...
  • SC ruling on coal blocks likely to hit economy: India Inc September 24, 2014

    New Delhi: 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 on Wednesday. "The decision taken by the Supreme Court to cancel all but four...
  • 'Metal, mining co to be impacted; JSPL, Hindalco worst be hit' September 24, 2014

    New Delhi: Almost all major metal and mining firms would be affected by the Supreme Court ruling cancelling 214 coal blocks, but Naveen Jindal's JSPL and Aditya Birla Group's Hindalco would be among the worst hit, analysts said. Jindal Steel and Power (JSPL) was allocated six...