The State Government said 10 power generating companies, including three State-run public sector undertakings, were allocated coal blocks by the Centre, but none has so far started coal production. “The
Union Coal Minister Sriprakash Jaiswal has rejected the Comptroller and Auditor-General’s conclusion that coal blocks allocation helped private companies gain Rs. 1.86 lakh crore. Talking to journalists after the report was tabled in Parliament on Friday, he said: “The policy adopted to allocate coal blocks was not faulty. There could not be a more transparent policy for allocation of coal blocks [since 2004 when there was no competitive bidding].”
Coming down heavily on private companies which have not developed the coal blocks allocated to them, the government today decided to de-allocate three more such blocks while taking punitive action against
Coal Ministry Places in Public Domain Draft Rules for Auction or Allocation of 204 Coal Blocks Cancelled by Hon’ble Supreme Court. In order to implement provisions of the Coal Mines (Special Provisions)
The ministry of environment and forests on Wednesday granted forest clearance to the Mahan coal block spread over 1,082 hectares of prime forest in the Singrauli district of Madhya Pradesh. This coal block was denied clearance four times by the Forest Advisory Committee, who had cited the presence of a large tribal population dependent on these forests for their livelihood.
New Delhi Between 2006 and 2009, for a number of relatively obscure firms, getting hold of a coal block was akin to stumbling on a goldmine. The findings of an internal report conducted by the coal ministry on the allocation of resources to private players show that in order to bag a prized mine, applicants were willing to go to any extreme. Take the case of Shree Veerangana Steels, which was allocated three coal blocks in Yavatmal district in Maharashtra in 2005. This company simply does not exist any more.
Acting on a Central Vigilance Commission (CVC) reference, the CBI has decided to expand its probe into the alleged irregularities in coal blocks allotment to include all allotments made since 1993. The
IMG recommends bank guarantee deduction of Tata Power and Hindalco JSW Steel and Himachal Emta Power today lost a coal block in West Bengal, while Tata Power and Hindalco Industries are likely to lose the bank guarantee for their block in Jharkhand. Today, the government cancelled the allocation of the Gourangdih ABC block in West Bengal’s Raniganj coalfields. Deallocation of the block, being developed by JSW Steel and Himachal Emta Power, was recommended on Friday by an inter-ministerial group (IMG) looking into irregularities in the allocation of coal blocks.
On June 4, 2008, Arvind Jain, chairman of CII Chhattisgarh, wrote a letter to the divisional forest officer, Korba, saying that since coal blocks of a few companies fell in the area of a proposed elephant
Even as Prime Minister Manmohan Singh sought to introduce competitive bidding for coal blocks within months of the UPA coming to power in 2004 and approved a cabinet note to the effect in August that year,
New Delhi: The coal ministry has approved a mining plan for associated captive coal blocks of Reliance Power
The Central Bureau of Investigation has formed 14 teams to pursue various leads into alleged irregularities in the use of coal blocks allocated to private firms between 2006 and 2009. The agency also plans to set up fact-finding teams to conduct on-the-ground surveys of the coal blocks under scrutiny. During the past two days, the CBI has been in touch with the Comptroller and Auditor-General of India (CAG) seeking information on its findings regarding coal blocks, as mentioned in its preliminary report comprising details on alleged discrepancies in their allocation to private companies.
Following a huge blow from the Supreme Court, and a series of serious technical glitches, the government has quietly asked Coal India to cancel the auction of three coal blocks that were put under the
In the first major step towards opening the coal mining sector, the government will start allocating coal blocks to state governments for commercial mining. The move, likely in a month, will put an end
New Delhi The inter-ministerial group (IMG) on Tuesday recommended the cancellation of one more coal block, Macherkunda, and deduction of bank guarantees in case of another two — Jitpur and Chitarpur — for delay in development work. The Macherkunda block belongs to Bihar Sponge Iron while Jitpur and Chitarpur are allocated to Jindal Steel and Power and Corporate Ispat. The Centre has revoked allocation of three more coal blocks – New Patrapara coal block of Bhushan Steel, Rawanwara North of SKS Ispat and Power and Gourangdih ABC, which is jointly allocated to Himachal EMTA Power and JSW Steel – taking the total number of cancelled blocks to seven.
Scramble Unlikely For 30 Remaining Coal Blocks. Will the auction of the leftover 30 new coal blocks in the next two months give an idea of how realistic is the comptroller & auditor general’s estimate
Kolkata The inter-ministerial group on coal blocks will meet on November 5 and 6 to finalise the norms for allocation of 13 de-allocated coal blocks to private sector undertakings (PSUs), said coal minister Sriprakash Jaiswal at the 38th Coal India (CIL) foundation day. On further deallocation of coal blocks from the private sector, Jaiswal said the IMG has recommended deallocating of 13 more blocks and it has gone for the law ministry’s comments, which could come any time this week.
Kolkata Government-owned Steel Authority of India (SAIL) is close to getting two coking coal blocks, Tasra and Sitanala, in Jharkhand, which will enable the steel major to mine coal in India for the first time. A source close to the development told Fe the two coking coal blocks have a reserve of around 45 million tonne. SAIL aims at producing 40 lakh tonne a year, for which it could invest up to R16,000 crore. SAIL chairman CS Verma, however, declined to comment on the issue, citing confidentiality norms.
Competitive bidding for coal blocks may begin early next year Moving a step closer towards transparency and clarity, the Coal Ministry has invited the comments of coal producing States on rules for auction of assets through competitive bidding. Allocation of coal blocks to companies for specified end use other than power generation shall be done through competitive bidding, in which even government firms can participate.
Essar Power today said it has received 'stage 1' forest clearance from the Ministry of Environment and Forests for its Mahan coal block in Madhya Pradesh. "Essar Power, pursuant to group of minister's
