COAL

  • Jindal Steel shelves $10 billion project after coal setback 11 hours 13 minutes ago

    New Delhi: Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman said, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993. Jindal Steel's 1.5 billion tonne coalfield in Odisha was among 214 cancelled by the Supreme...
  • Coal India trade unions call off strike in victory for PM Modi Yesterday

    New Delhi: The labour unions of state-run Coal India have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms. Coal India holds a monopoly on commercial coal...
  • Jharkhand elections: Coal mafia controls the politics of Dhanbad, family fights for power Yesterday

    Dhanbad: The politics of Dhanbad like everything else is seeped in coal. In the 1970s, coal was nationalised but before that private mine owners owned these mines. One BP Sinha was the leader of all the coal workers. Subsequently, Suraj Deo Singh took over and started an organisation called the...
  • India to allow foreign firms mine and sell coal: coal secretary 3 days ago

    New Delhi: India will allow locally registered foreign firms to mine and sell coal when commercial mining is permitted as part of the opening up of the nationalised industry after four decades, Coal Secretary Anil Swarup told Reuters. To end a chronic coal shortage that cripples power plants and curb the...
  • Court asks CBI to further probe a coal scam case 4 days ago

    New Delhi: A Special Court on Thursday directed the CBI to further investigate an alleged scam in coal block allocation, involving Rajya Sabha MP Vijay Darda and others, in which the agency had filed a closure report. Special CBI Judge Bharat Parashar asked the CBI to file a progress report of...
  • India @ 9 with Palki S Upadhyay 5 days ago

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • Government prepares draft guidelines on coal block allocation, first auction on Feb 15 5 days ago

    New Delhi: The Coal ministry has prepared draft guidelines on coal block allocations with the first phase of auction bidding for the coal blocks to take place on February 11, 2015. "There has to be specified end use for blocks to be allocated and a cap on the number of blocks...
  • Centre to examine Odisha government's push to reallocate coal blocks November 10, 2014

    Bhubaneswar: The Centre on Monday assured the Odisha government to consider its proposal of re-allocating coal blocks earlier given to some state-owned public sector undertakings and IPPs which made substantial progress in their projects. "I am informed that the state government has submitted such proposals...
  • Hansraj Ahir rewarded for exposing coal scam, inducted into Modi ministry November 9, 2014

    New Delhi: BJP MP Hansraj Gangaram Ahir got his birthday gift two days earlier with his induction in the Narendra Modi ministry on Sunday in apparent recognition of his role in relentlessly highlighting irregularities in coal allocation that brought the previous UPA regime to its knees. The Lok Sabha MP hailing...
  • Coal scam case: Court to consider CBI's final reports on November 12 October 31, 2014

    New Delhi: A Delhi court fixed November 12 for considering CBI's two final reports filed in a coal blocks allocation scam case involving Navbharat Power Pvt Ltd (NPPL) and its officials. Special CBI judge Bharat Parashar sought certain clarifications from the agency on its final reports in which it had...
  • Jaitley asks CAG not to sensationalise its work to get into headlines October 30, 2014

    New Delhi: Finance Minister Arun Jaitley on Wednesday asked the CAG not to sensationalise its findings to get into headlines. "Auditor should be conscious of the fact that he is reviewing a decision that has already been taken. Have the fair procedures been followed? He doesn't have to sensationalise. He...
  • Coal block case: CBI wants summons for two on corruption charges October 28, 2014

    New Delhi: The CBI on Tuesday moved a special court for issuing summons against two government officials in the coal block allocation case against Kamal Sponge Steel and Power Ltd under corruption charges. Public Prosecutor VK Sharma moved a plea before Special Judge Bharat Parashar and sought the court's direction against...
  • Coal scam: CBI files revised closure report in KM Birla case October 21, 2014

    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' October 20, 2014

    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 October 19, 2014

    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...