The Supreme Court on Friday refused to give any further hearing on the pleas of companies which were illegally allocated coal blocks by the government.
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The newly appointed CMD at Coal India has a tough road ahead.
SC judges suspected a lack of objective criteria in the selection.
A day after Central Bureau of Investigation searches, former Minister of State for Coal Dasari Narayana Rao, who has been accused of alleged cheating and graft by the probe agency in its fresh FIR in the coal scam, alleged that it was a 'planned' action against him.
According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes.
But company says govt decision to permit use of incremental coal does not result in any loss to exchequer or undue benefit.
The agency had in October arrested Sameer Vishnoi, an IAS officer of the state, and two others, after conducting several raids in the case.
The Supreme Court on Wednesday said huge investment made by companies in coal blocks without getting clearance cannot be a ground for not cancelling licences and asked the Centre to respond whether it intends to de-allocate such allocations.
The central government has admitted before the Supreme Court that 189 out of the 236 documents sought by the Central Bureau of Investigation, which is probing coal block allocation scam, is "not-available".
Under attack for several files pertaining to coal block allocations going missing, Coal Minister Sriprakash Jaiswal said that he had asked officials to locate the missing papers by Tuesday and hinted the Central Bureau of Investigation may be asked to look into the case after that.
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 Central Bureau of Investigation has recorded statements of the then ministers of state in the coal ministry Santosh Bagrodia and Dasari Narayan Rao in connection with the coal block allocation scam.
Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a court decision to scrap coalfields allocated to private firms since 1993.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
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.
Bharat Heavy Electricals Ltd (BHEL) is India's largest engineering and manufacturing enterprise, operating across energy, industry, and infrastructure sectors. The investment path for the stock is based on a large order backlog, continued strong order inflows, and rising power demand, which should push demand for BHEL's equipment and services. BHEL has historically held over 70 per cent market share in power projects.
Production and prices have been stagnant for several years, but the company's cost-cutting drive is showing results.
The Centre on Thursday admitted before the Supreme Court that something went wrong with the coal blocks allocation and that it could have been done in a more refined manner.
Facing all-round attack, Prime Minister Manmohan Singh has said all efforts are being made to locate the untraceable files related to coal block allocations and CBI will be asked to investigate if these efforts do not fructify.
Progress on the mine was blocked in August after a claim Adani failed to take into account the welfare of the yakka skink lizard and ornamental snake.
China wants to turn coal in remote areas into gas and then pipe it to cities.
In a bid to check industrial unrest, the government on Friday extended "the public utility service" status of the coal industry till December 17.
The Supreme Court on Thursday issued notices to seven coal mining states asking them to explain their role in coal block allocation after the Centre washed off its hands in any irregularities, saying that its role was limited to identifying the blocks and rest was done by states.
The Central Bureau of Investigation will be filing a fresh case in connection with alleged irregularities in connection with allocation of coal blocks by the end of this month in which it may name a corporate and certain former officials of the Union coal ministry.
In 11 out of 29 coal mines successfully e-auctioned, a number of qualified bidders in the e-auction stage were from the same company/parent subsidiary company coalition/joint venture, CAG said.
Former Coal Secretary P C Parakh, who was named by the Central Bureau of Investigation in a first information report on a coal block allocated to Hindalco, had joined three private firms after retirement, raising questions over his role in one of the companies that's now under the scanner after getting a block.
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
NTPC raises new demands, while CIL is not willing to yield
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.
Splitting Coal India Limited could increase competition and hence make production more efficient, but opinion is building against it.
Pollution is not merely the price to be paid for growth; it is also a drag on the same growth.
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Adani CEO Jeyakumar Janakraj said the Adani issue was not on the agenda of Jaitley's visit.
NRW is one of the leading providers of construction and mining services with a turnover $1.35 billion in 2011-12.
Automobile retail sales in India rose to a record high in November, aided by the best ever monthly performance across passenger vehicle and two-wheeler segments, dealers' body FADA said on Wednesday. The overall retail sales stood at 28,54,242 units last month, 18 per cent higher over 24,09,535 units in November 2022. Passenger vehicle (PV) retail sales rose to 3,60,431 units as compared to 3,07,550 units in the year-ago period, registering a growth of 17 per cent.
The coal ministry submitted to the Central Bureau of Investigation on Monday a detailed report on the missing files pertaining to coal block allocations, said an official.
Hindalco is currently one of the frontrunners in the coal auction
In a major blow to the corporate sector, the Supreme Court on Wednesday quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993 and in which it was claimed that around Rs 2 lakh crores were invested.
Rescuers have saved six injured miners but 11 were still missing in the accident which occurred in Jiaocheng country.
The Coal Ministry has decided to constitute a six-member panel for valuation and assessment of the 42 running coal blocks which were deallocated by the Supreme Court.
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