The government on Monday said it would decide next month the fate of captive coal blocks lying idle with 82 companies, including ArcelorMittal, Tata Steel and NTPC, who have been issued notices for not developing them within the stipulated time.
Former Jharkhand chief minister Madhu Koda, ex-Jharkhand chief secretary Ashok Kumar Basu and six others have been chargesheeted by the Central Bureau of Investigation in a coal block allocation scam case.
Bankers claim they have received good response to the roadshows held abroad for Coal India, IndianOil and PowerGrid.
Looking back, it appears that the first signs of the problem were visible when the policy on captive coal mining was formulated almost two decades ago.
Prime Minister Narendra D Modi visited the Science City in Ahmedabad on Wednesday, September 27, 2023.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
An Adani spokesperson said that it was yet another attempt by activists to delay the project.
Country's largest iron ore producer NMDC on Wednesday said it is in talks to buy coking coal mines from Kolmar in Russia to feed its proposed steel plants in Chhattisgarh and Karnataka.
Continuing scrutiny of coal blocks which failed to meet development timelines, the Inter-Ministerial Group on Thursday recommended de-allocation of two more mines, raising to 13 the number of blocks against which such recommendation has been made.
The government should give the first right of refusal in the ensuing coal mine auction to the companies which lost the blocks in the mass cancellation by the Supreme Court on Wednesday, former Coal Secretary PC Parakh said.
Seeing the fire engulf the mortal remains of his daughter, who was with him till last week, he fell to the ground and was rushed to a hospital.
Govt deallocates four blocks, more cancellations likely today.
The CAG report had alleged the government had passed on financial gains of Rs 1.86 lakh crore to private companies by not auctioning the coal blocks.
The Indian steelmaker, which bought the Mozambique project with Australia-listed Riversdale Mining, sees the mine as essential in ensuring it has a sustainable supply of coking coal.
The scheme, which was earlier implemented by the coal companies, has been extended for the current fiscal also.
Asserting that there is nothing wrong in allocation of coal blocks, former Union Coal Secretary Prakash Chandra Parakh on Wednesday said if the Central Bureau of Investigation considers a conspiracy in this case then Prime Minister Dr Manmohan Singh should be held equally responsible being the final decision maker.
The Central Bureau of Investigation is likely to register more than one first information reports in the alleged irregularities in allocation of coal blocks after it came across several cases of violation of norms by state government officials and allottees.
Global Steel Holdings, the holding company which controls the steel and associated businesses of the Ispat Group, has acquired two coal blocks in Mozambique. According to sources, the investment in the blocks would be in the region of Rs 460 crore (Rs 4.6 billion).
The agency said files of the case were sent to competent authority.
In a veiled attack on ally Congress in Maharashtra, Nationalist Congress Party leader Ajit Pawar on Sunday said the allegations of irregularities raised against him were aimed at diverting public attention from the coal-gate scam.
A Bharatiya Janata Party delegation led by senior leader L K Advani will meet President Pranab Mukherjee on Wednesday to discuss the coal scam. Advani will be accompanied by Murali Manohar Joshi, Sushma Swaraj and Arun Jaitley and they are expected to apprise Mukherjee of Prime Minister Dr Manmohan Singh's role as coal minister between 2006 and 2009.
The coal ministry is likely to send the final list of files pertaining to coal blocks allocation which could not be located by Friday.
Delhi's 24-hour average air quality index (AQI) stood at 248 on Saturday.
Letters for deallocation of 13 private coal blocks to their owners are likely to be sent soon after the law ministry gives its go-ahead, Coal Minister Sriprakash Jaiswal said on Friday.
Uproar over coal block allocation issue paralysed proceedings of Parliament for the 12th consecutive day today, drowning most of the Monsoon Session which ends on Friday. As soon as Parliament met for the day, Bharatiya Janata Party members were on their feet in both Houses and raised slogans demanding Prime Minister Manmohan Singh's resignation over the coal block allocation issue.
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
The ministry has also noted the controversial proposal of opening up the coal sector and restructuring of CIL.
Stepping up attack after Prime Minister Manmohan Singh rejected CAG's observations on coal block allocation, BJP on Monday alleged that he was directly responsible for causing delay in amending laws on auction with the aim of bringing financial benefit to Congress.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
Government wants to increase coal production so that it can meet the ever increasing coal demand.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
In the written complaint, the BJP MLA from Patna (Central), Nitin Navin alleged that the prime minister, in his capacity as the then coal minister, adopted wrong process to enable the people close to him to benefit from coal blocks allotment.
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