Jindal Power bagged 2 coal mines in Chhattisgarh.
The states will get over Rs l lakh crore.
Govt to issue ownership rights of 15 coal mines on Mar 23.
Jindal Steel and Balco emerged as the top bidders.
The government has so far closed bids for 13 blocks.
The court issued notice to the ministry and directed it to file its response in two days.
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JSPL and Balco had emerged as the highest bidders in the recently concluded auctions.
Bids for eight coal blocks were sent for re-examination.
Their coal block bids may be referred to CCI.
The Coal Ministry on Monday received a total 69 applications from various PSUs
The Congress on Friday alleged that the electoral bonds data has exposed 'corrupt tactics' of the Bharatiya Janata Party such as quid pro quo, seeking donations for the company's protection, kickbacks and money laundering through shell companies.
Those for power sector to see tussle between prior owners & new challengers
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
Court says no evidence of cartel in low bids for coal blocks.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The decision was taken by the ministry this week, a top Coal Ministry official said, while refusing to reveal the names of the companies.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
The e-auction is seeing aggressive bidding.
Hindalco is currently one of the frontrunners in the coal auction
The BSE Midcap and Smallcap indices have performed better than the front-liners
CBI has also named unknown officials of the union environment ministry in the PE.
Adani Power bagged Jitpur mine in Jharkhand.
Caution prevailed across the bourses ahead of the Union Budget.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
'This country has become cynical, the country has lost hope. Prime Minister Narendra Modi is getting back hope in this country.' 'We are deconstructing the past which had corruption, inefficiency, policy paralysis, a tottering economy where investors had lost confidence, and people had become cynical. We are changing that, we are bringing confidence back to the people of India.'
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
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