'To sustain our growth trajectory, we must continue to explore and capitalise on growth opportunities.'
The Bharatiya Janata Party on Thursday accused the government of not cooperating with the Central Bureau of Investigation in the coal scam by dilly-dallying on sharing relevant files with the probe agency and demanded that the computers in the Prime Minister's Office, which store such information, should be seized for "data mining".
Former Jharkhand chief minister Madhu Koda, ex-Coal Secretary H C Gupta, former Jharkhand chief secretary Ashok Kumar Basu and six others were on Tuesday ordered to be put on trial by a special court on charges of corruption, criminal conspiracy and cheating in connection with a coal block allocation scam case.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Growth in power demand remains in negative though it is picking up as coronavirus-related restrictions are eased.
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure that it has enough resources to meet enhanced needs.
These numbers show overall exposure and are not a reflection that all loans are going to be impacted.
A bench comprising Justices Sanjiv Khanna and Dipankar Datta took note of the submissions of lawyer Prashant Bhushan, appearing for NGOs 'Common Cause' and the Centre for Public Interest Litigation, that the plea needed to be listed for hearing at the earliest.
Of these, 14 have received environmental clearances and four forestry clearances.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
De-allocation could raise import bill by $3 billion, add to coal shortage.
Adani has blamed opposition to its mine for delays in moving the $7 billion project to the construction phase
The scheme, which was earlier implemented by the coal companies, has been extended for the current fiscal also.
Probe into alleged irregularities in allocation of Talabira-II coal blocks has gained momentum as CBI has started questioning top executives of Aditya Birla Group and were likely to quiz former Coal Secretary P C Parakh next week.
OSCO E&C said Adani had asked it to halt its design work as of July 16, with tentative plans to resume work in early October.
The Central Bureau of Investigation has found no criminality in the allocation of about 60 coal blocks, which are likely to be taken out of the purview of its ongoing probe after taking the Supreme Court's permission.
Aditya Aluminium project ready but clearances still stuck for mine
The approval was announced by Environment Minister Greg Hunt, who said "after undertaking a thorough assessment and consideration under national environment law, I have approved the Carmichael Coal Mine and Rail Infrastructure project, subject to 36 strict conditions".
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
State-owned Coal India Ltd has decided to make a foray into power generation and the company is in talks with Neyveli Lignite Corporation to set up a 2000 mw pithead power plant at its subsidiary Mahanadi Coalfields Ltd.
China has just 12 days of coal reserves left at most of its power stations, after the end of a cold and stormy winter. Some provinces, including Hebei, bordering Beijing, have less than a week's coal left. This is a record low, the state electricity regulatory commission revealed. Coal imports, which started last year, have also failed to meet the difference between supply and demand. This raises questions about how much longer China's breakneck industrialisation can continue
Govt is selling a stake in Coal India worth around $3.7 bn.
The court has now fixed the matter for scrutiny of documents on September 29.
Janata Dal - United members from Bihar on Wednesday forced the adjournment of the Lok Sabha over the issue of shortage of coal for thermal power plants in the state. As Coal Minister Sriprakash Jaiswal rose to reply to a member's query during Question Hour, JD-U members led by Dinesh Chandra Yadav trooped to the Well, raising slogans over the "step-motherly treatment" meted out to Bihar with regard to coal linkages for power plants.
State-run Coal India is likely to file the red herring prospectus for its initial public issue, through which the government is expecting to raise about Rs 15,000 crore (Rs 150 billion), on September 25.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
'If we get 399 seats and you say we have not crossed 400, then it is your wisdom. But the '400 paar' slogan is based on calculation and considered opinion'
The Supreme Court Monday sought the stands of the Centre and the Odisha government on allegations that authorities had indulged in corruption in giving a coal block, allocated to the state mining corporation in 2003, to a private firm.
Biggest ever share sale by any private or public sector co in India.
The government has received 745 applications from a variety of companies for 15 power-project-linked coal blocks with estimated reserves of 3.6 billion tonnes, which can support power generation of 18,000 Mw.
A bill to allow the private sector to mine six atomic minerals, including lithium, and deep-seated minerals like gold and silver was approved by the Lok Sabha on Friday.
Hindalco Industries won Dumri mine in Jharkhand
There's a straightforward relationship between economic activity and power consumption. If economic activity increases, so does power consumption. Since the latest GDP (gross domestic product) data indicates India's growth rates exceeded expectations in the second half if the 2022-23 financial year (H2FY23) and GDP estimates of FY24 are strong, we would expect power consumption to rise as indeed it has. There is also a direct relationship between power consumption and National Thermal Power Corporation or NTPC's results since the public sector undertaking (PSU) is the largest power generator in India.
The Enforcement Directorate (ED) has summoned Trinamool Congress MP Abhishek Banerjee to appear before it in Kolkata on November 9 in connection with the alleged school jobs scam, a TMC leader said on Wednesday.
To increase gas availability for power plants, the Ministry of Petroleum and Natural Gas has taken various steps.
Kora said it was Prime Minister Narendra Modi who ensured that proper respect was accorded to tribals, and also took a stand for women over various issues.
The PPP model for CIL was first mooted by the Planning Commission.
The Supreme Court on Thursday directed the Enforcement Directorate to file by February 8 the status report on its probe into coal scam for suspected money laundering and foreign exchange rules violations.
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.
