M Veerappa Moily's takeover of the environment & forests ministry last month, it appears, is turning out to be a blessing for Coal India Ltd (CIL), the world's largest coal producer.
The mine is likely to yield 37 million tonnes of kimberlite, containing about 27.4 million carats of diamonds and has a life of 25 years.
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
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Delayed clearances for coal blocks, as well as companies' own failure in developing mines, appear to have had a financial implication of Rs 1.46 lakh crore (Rs 1.46 trillion) for the country.
Infra major's entry could queer the pitch for Jaypee and Hindustan Semiconductor.
Indian manufacturers are concerned about losing market share to Chinese makers.
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
Imported components account for up to 30% of the firm's total production cost.
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
The good news is that within the first 14 months, orders for manufacturing and commissioning of the entire 88,537 Mw capacity for the 12th Plan have been placed, according to the Central Electricity Authority, the country's apex power planning body.
Tata, Adani, Lanco to be hit as Indonesia may ban export of low-grade coal
Affected firms note practical problems in getting discoms, consumers to pay for costlier supply; viability shadow on investments
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
India has so far set up three projects - Tala, Chukha and Kurichu - in Bhutan under the Inter-governmental Agreement model.
Figures compiled by the Directorate General of Commercial Intelligence & Statistics, under the commerce ministry, showed India's iron ore exports jumped a whopping 157 per cent to 121 million tonnes in 2012-13, compared with 47 million tonnes a year ago.
NTPC raises new demands, while CIL is not willing to yield
In an interview with Business Standard, CIL Chairman Singayapally Narsing Rao attributes the performance to volume growth but adds a decision on price hike will be taken at an appropriate time.
The move comes at a time when consumers are shunning high-quality coal, which has become costlier than prevailing market rates globally.
This comes against the backdrop of the capital expenditure of these companies rising a mere 1.7 per cent this year, though the projection at the beginning of the year was of six per cent growth.
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