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After 40 years, India set to re-open commercial coal mining to private firms
* India plans to double coal production by 2020* To help millions without power; develop eastern regions* Govt has identified mines to auction to private companies* With coal prices low, foreign......
Divestment gets a boost with three big PSU stake sales
The Union Cabinet on Wednesday cleared a dilution of the government's stake in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC Ltd. At current market valuations, the......
Power sector expects good days ahead as demand improves
The prolonged inactivity in the debt-laden, fuel-starved and bankrupt power sector finally seems to be ending with two large acquisitions announced in the last few weeks. First, Reliance Power,......
SC's coal block ruling could add to woes of power cos
A mass cancellation of coal blocks awarded since 1993 could cost the country up to $3 billion in additional imports and hurt financial firms that have lent to the sector, broking firms said on......
Stage set for a clean-up act in mining
For a large part of the year, the mining sector continued to grapple with controversies related to allocation, production and pricing of minerals. However, the sector seems set for a clean-up in......
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