The step has been taken following the successful auction of 28 coal mines in the first two tranches and there shall be a total of 88 coal mines on offer at present.
The country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services.
Picking holes in the e-auction of coal mines by the Narendra Modi-led NDA government last year, the Comptroller and Auditor General (CAG) has said that the multiple bids by corporate groups through joint ventures or
New Delhi: Coal block auctions ran into legal and other roadblocks on Wednesday, forcing the government to defer auction of one mine and withdraw another from the third tranche with players Hindalco, JSPL and Vedanta
Kolkata: The auctions and allotments of 67 coal blocks so far has unlocked a total value of nearly Rs 4,00,000 crore, a senior coal ministry official said here today."Out of 67 blocks auctioned or allotted,
New Delhi: After a round of successful coal auctions, the government is expected to deny two successful bids for Gare Palma and Tara coal blocks won by Jindal Steel and Power Ltd (JSPL) citing the
Mauritius: Asserting that his government has a strong resolve to combat graft, Prime Minister Narendra Modi on Thursday said fetching of over Rs 2 lakh crore from auction of just 20 coal blocks has shown
New Delhi: Proceeds from the ongoing coal block auctions are likely to cross Rs 2 lakh crore, surpassing CAG's estimate of Rs 1.86 lakh crore loss on account of the allocation of blocks without auction
New Delhi: Adani Power bagged Jitpur mine in Jharkhand while Usha Martin won Brinda and Sisai mines in the same state in the second tranche of coal block auction that began today.“Usha Martin is the
New Delhi: Government today began the second round of coal mine auctions by putting on offer four blocks - all in Jharkhand - with firms including Adani Power, JSW Steel, SAIL and BALCO in the
New Delhi: Coal block auctions will fetch a whopping Rs 1.47 lakh crore and boost job creation, mining baron Anil Agarwal, who heads Vedanta Resources, said on Monday."Coal auction will earn Rs 1.47 lakh crore
Bengaluru: With metal and cement companies bidding aggressively for coal blocks, Union Parliamentary Affairs Minister M Venkaiah Naidu today said the success of auctions had proved that the coal scams were real and not an
New Delhi: Aditya Birla group firm Hindalco Industries has won the Gare Palma IV/5 mine in Chhattisgarh by outbidding companies like BALCO, Sesa Sterlite, Ambuja Cements, which were also vying for the same block."Gare Palma
Davos: Asserting that investors have no concern about ordinance route being adopted for coal auction, Coal and Power Minister Piyush Goyal said the entire process would generate over $100 billion in royalties and auction proceeds
Mumbai: The government's move to e-auction most of the 214 coal mines cancelled by the Supreme Court will boost investor confidence due to transparency in the process and reduce fuel availability risks, India Ratings said.The
New Delhi: The keenly awaited auction of coal blocks will be held around February 11 but power tariffs are unlikely to shoot up following bidding, expected to be intense, as the government has put in
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