Coal Allocation

The observation was made by Justice Yashwant Varma while quashing the proceedings initiated against a company by the Enforcement Directorate, including provisional attachment of properties, in connection with an alleged money laundering case arising from the allocation of a coal block to it by the authorities in 2003.

CIL's coal allocation to power sector under e-auction rises 5.9% in April-November

Coal India Ltd (CIL) had allocated 16.95 mt of coal during the April-November period of the previous financial year.

Coal allocation by CIL to power sector under e-auction drops 23% in April-November

Coal India (CIL) had allocated 21.91 million tonnes (MT) of coal in the April-November period of 2018-19, according to the latest monthly summary by the coal ministry for the Cabinet.

Coal scam: 2 Union Ministers oppose CBI move to close case

Two Union Ministers, Prakash Javadekar and Hansraj Ahir, today protested in a special court against CBI's move to close a coal allocation case, allegedly involving Prakash Industries Ltd (PIL) and others, in which he was the complainant.

Coal e-auction rose 29% in 2015-16: Piyush Goyal

"The increase in coal quantity allocated in 2015-16 through e-auction was about 29 percent, that garnered about 33 percent higher prices over the notified prices," Piyush Goyal, Coal and Power Minister, said in a reply to Rajya Sabha today.

BJP issues whip to MPs for passage of crucial bills

According to sources, the party issued the whip to ensure passage of all the crucial bills, seeking to replace the related ordinances promulgated by the Government recently.

Stay cautious as correction has more downside: Dipan Mehta

Dipan Mehta, Member, BSE & NSE, says that an absence of action on major reforms from the government has been putting doubts in the market.

Coal block scam: Present all documents, court tells CBI

The court further pointed out that the CBI‘s story on filing of the closure report is not coherent and it needs to ascertain if procedures of law were followed in doing the same.

SC's final verdict on coal blocks unlikely tomorrow: IIFL

Harshvardhan Dole, VP Research - Institutional Equities, IIFL does not expect final judgment by the Supreme Court tomorrow as many companies are in the process of filing affidavits, as suggested by the Attorney General. However, he is confident of the final verdict being announced in a few weeks.

Opening Bell: Here are key triggers for market today

Wall Street reversed course to end in the green after a weak employment report eased fears of a change in stance by the fed at the upcoming FOMC meet; S&P 500 rose over half a percent to close at a fresh record. Moreover, Asia is mixed in morning trade.

Coal ministry allots two coal blocks to Neveli Lignite

Ministry of Coal on Monday allotted two coal blocks; one each in Jharkhand and Chhatisgarh. This will boost the company's power generation to a whopping 11,200 megawatt (MW) from 2,500 MW currently.

Coalgate: CBI files status report in Supreme Court

The Central Bureau of Investigation (CBI) filed a status report in the Supreme Court over the coal blocks allocation scam. It gave details of former CBI officer Vivek Dutt's case and has questioned various government officials for their role in the scam.

Not under any pressure from any quarter: CBI

Facing criticism for alleged toning down of its report filed before the Supreme Court on coal scam probe under political influence, the CBI today said it is not under "any pressure from any quarter".

High order book buoys BGR in slump waters

BG Raghupathy, CMD, BGR Energy explains to CNBC-TV18 that a high order book as compared to last year has helped the power company navigate the economic slowdown, reduction in PSU orders thanks to coal-allocation and land acquisition problems, damage caused by Chinese imports and drying up of offers from the private-sector.

Coal controversy not to impact company's operations: BHEL

State-run Bharat Heavy Electricals (BHEL) on Sunday said the ongoing controversy over coal allocation for power plants will not have any impact on the engineering major's operations.

Cong will place facts put people on coal issue: Narayansami

Criticising the BJP for the washout of the Monsoon session of Parliament, government today said the Congress was placing the facts before the people to judge on the coal allocation issue.