Iron And Steel Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

Diesel dearer by Rs 5/litre, 6-refill cap on LPG subsidy

Biting the fuel price hike bullet, the Manmohan Singh government today decided to increase diesel prices by Rs 5 per litre but left kerosene and petrol prices untouched. In a bid to partially plug the subsidy hole owing to cooking gas, the government also decided to limit the number of …

Four coal blocks de-allocated; 3 firms to lose bank guarantee

Monnet Ispat may be asked to submit bank guarantee amounting to three years’ royalty Cracking the whip on private companies for failing to develop coal blocks allocated to them within a time frame, the Coal Ministry on Thursday said it accepted the recommendations of the Inter-Ministerial Group (IMG) and notified …

Coalgate: Government panel recommends deallocation of four mines

NEW DELHI: The inter-ministerial group (IMG) on coal blocks allocation has recommended de-allocation of four mines allotted to private firms and encashment of bank guarantee of three others on the ground of non-development of mines within a prescribed time. "The IMG, which reviewed eight cases on Wednesday has recommended de-allocation …

Sesa, Sterlite shares hit as Goa halts mining

Goa temporarily halted iron ore mining from Tuesday to check if operations were legal, a move that is expected to further dent exports from India and support flagging global prices. Sesa Goa, which gets most of its iron ore from Goa, said business would suffer but it hoped the halt …

Goa mining ban may have little impact

Mumbai The mining ban imposed by the state government of Goa is unlikely to have a major impact on the likes of iron miner Sesa Goa as the current quarter is a lean season for mining in the state, analysts said on Tuesday. “Seasonally, Q2 is the weakest quarter for …

Sesa Goa closes mining operations in Goa; scrip tumbles 6 per cent

With the Goa Government putting a blanket ban on mining, Vedanta group firm Sesa Goa on Tuesday said it has stopped extraction of iron ore from all its mines in the State, leading to 6 per cent fall in its stock price. Following the suspension of works, all the mining …

CBI coal probe separate from IMG panel'

The five companies facing an investigation by the Central Bureau of Investigation in the coal allotment controversy might not face immediate de-allocation. A high-level inter-ministerial group (IMG) is examining cases involving 28 blocks allotted to private companies and not the ones being probed by CBI, a senior government official said. …

10 Coal Blocks Run Risk of Cancellation

Pvt owners haven’t done much to develop them for years. About 10 coal blocks given to private companies face the risk of penalties, including cancellation, as their owners have not been able to do much to develop them for years, and have not put up a strong case to convince …

Oppn hauls Naveen Jindal over the coals

New Delhi: Naveen Jindal, promoter of Jindal Steel and Power Limited (JSPL), came under heavy artillery fire from the opposition for charging higher tariff for power he generates from the Raigarh plant in Chhattisgarh using coal allocated to him free by the government. Reacting to a report in TOI on …

Goa govt orders shutdown of all 90 mines

Panaji: The over 60-year-old mining industry in Goa has been ordered to shut all operations until further orders. A notification suspending all operations was issued by the state government following the indictment of former CM Digambar Kamat by the Shah commission, which inquired the illegal mining in the state. The …

Ministerial panel to hear 10 firms today

A total of 10 private sector firms including Usha Martin, Monnet Ispat and Energy and Corporate Ispat have been asked to present their side of the story for the delay in developing coal blocks on the first day of the inter-ministerial group’s three-day review meeting, starting tomorrow. “Ten coal block …

Steel makers seek minister's intervention

NMDC has raised iron ore prices by 8-13 per cent for domestic sales Fearing a further squeeze on profit margins, steel manufacturers have sought intervention of the ministry of steel in the issue of the recent “arbitrary” price increase in iron ore price by state-owned NMDC. In a letter dated …

Conduct of some allottees was not above board, admits Coal Ministry

“They need to be dealt with firmly and their blocks de-allocated as per the terms” The Coal Ministry has acknowledged that the conduct of the coal block allottees, some of whom are among those who were issued show-cause notices and raided by the CBI, had not been above board as …

CBI action after CAG audit on coal

FIRs against 5 companies, raids in 10 cities, captive block holders face charges of misrepresentation of facts, criminal conspiracy & cheating After the telecom scam, the Central Bureau of Investigation (CBI) has turned the heat on the allocation of coal blocks. It has registered FIRs against 20 accused, including five …

18 mining firms get SC nod, but 1 eligible

Nearly 12 mines have to get various statutory approvals, including reclamation plan The Supreme Court has given a nod to 18 iron ore mines to resume operations in Karnataka, but only one of them fulfills the conditions required to start the operations. As many as 12 mines have to get …

SC reserves order on pleas from mining firms

Verdict of 2010 related to applications for leases The Supreme Court on Tuesday reserved its order on maintainability of a host of petitions filed by the Union and Karnataka governments, as well as mining companies seeking review of a 2010 apex court verdict. The verdict had directed the Karnataka government …

2 Blocks were Given After Coal Bill was Introduced in Parliament: BJP MP

Ahir alleges 2 ‘Coal To Liquid’ project allocated in 2009 without panel nod BJP has punched holes in the government’s claim that all allocations of coal blocks were cleared by the steering committee. It said allotments were made to two private companies for Coal To Liquid (CTL) project in 2009 …

‘No cancellation of coal blocks by diktat’

Finance Minister P. Chidambaram on Monday rejected the Opposition demand for cancellation of coal blocks that have come under the CAG scrutiny, saying the government had to hear out the allottees and could not enforce cancellation by diktat. “A fair procedure has to be followed and this is already under …

Only ‘Non-Serious’ Players to Lose Coal Block Permits

IMG to seek investment details from 58 mine operators The government will ask the operators of 58 coal blocks that have been issued show-cause notices to provide details of investments this week to ensure only non-performers lose their mines, a top government official told ET on condition of anonymity. The …

SC lifts ban on mining, but not much for steel industry to cheer

The steel mills might have to wait for six months at least as 12 of the 18 mining leases still need to secure statutory nods The removal of ban on iron ore mining in Karnataka as directed by the Supreme Court on Monday is unlikely to bring immediate relief to …

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