Coal Auction

India is the world's third-largest consumer of energy, with an annual electricity demand increase of about 4.7 percent. Amid record-breaking demand, the country witnessed an 8.18 percent surge in overall power generation from April to October, compared to the same period of the previous year.

Coal Ministry to auction 39 mines in five states on November 15

Coal from these mines can be utilised towards own consumption, sale or for any other purpose

Cabinet gives nod to coal offering through common e-auction window

The usage of a common e-auction window will replace the system of holding sector-specific auctions, thereby "removing market distortions" and providing a "single rate for all the consumers".

Coal Ministry launches fourth round of auction of 99 coal mines for commercial mining

With coal mines rolling over from third round of commercial auction and second attempt of second tranche of commercial auctions, there will be total 99 mines on offer.

No bids for over 70% of Indian coal mines up for auction

In the first coal mining auctions for the private sector without restrictions on end-use of the fuel conducted last year, there were no bids for nearly half of the 38 mines.

Coal mine auction — Anxious wait for winners

Legal issues should have been sorted out before the start of the electronic bidding process

Auction of coal blocks to start 'very shortly': Coal Minister Pralhad Joshi

The coal minister also said that major policy changes would also be notified very shortly and expressed hope that the auction would be successful.

Companies meet govt officials, seek relaxation on commercial coal mining clauses

Modi government plans to open up coal sector for commercial mining to private players has failed to evoke keen interest from potential players.

Modi makes a veiled attack on Sonia over AgustaWestland deal

Prime Minister dubs deal as a theft; says guilty shouldn't go unpunished irrespective of their stature.

Govt to auction 9 coal blocks in 4th round

The mine is earmarked for the non-regulated sector, iron and steel, cement and captive power plants, it said. The next round of mines auction is slated for January 18-22 next year.

Third round of coal auction takes off; JSPL, others in race

Before the auction began, Coal Secretary Anil Swarup tweeted: "Auction of Bhaskarpara and Marki Mangli 1 coal blocks to commence from 1100 hours on Tuesday."

Discoms haven't gained from financial rejig: Feedback Infra

RS Ramasubramaniam, co-chairman of Feedback Infra, says power requirement has grown by 5 percent in the last 5 years, while availability has historically grown by 6-6.5 percent. Power contraction was around 10 percent in April 2015 versus historical growth rate.

Govt to conduct 3rd round of coal auction in August

Separately, Coal Secretary Anil Swarup said the government will also release a draft policy to auction coal linkages today.

1-year report card: Strong start but Goyal has work cut out

While the start has been strong, Goyal will have to walk the mile to achieve the government‘s target of 24x7 power for every home by 2019, say CNBC-TV18‘s Anshu Sharma and Shereen Bhan.

Transparent coal auctions appreciated: Piyush Goyal

A transparent process for auction was evolved using IT applications and an estimated revenue of Rs 1,71,961 crore was likely to be raised from 29 coal mines already auctioned.

Power firms face huge under recovery in fuel cost: ICRA

The government has so far auctioned 33 blocks in two tranches garnering over Rs 2 lakh crore, a figure surpassing the Comptroller and Auditor General's estimates of losses of Rs 1.86 lakh crore on account of allocation without auction of mines.

Rights issue to cut debt; coal bids not aggressive: GMR

GMR has opened a Rs 1400-crore rights issue, recently upped its stake in the Delhi Airport and was also in the news for what some analysts said was “aggressive” bidding in the coal auction. In an interview, the company CFO discussed each.

Will allot coal mines to PSUs today: Coal Secy

Jindal Steel and Power moved the Delhi High Court after two of its bids were rejected. The High Court has stayed the government‘s decision to allot the blocks to Coal India.

No to JSPL coal bids may open pandora‘s box of uncertainty

the fundamental problem with the coal auctions is the segregation of mines for power and non-power. Once you do this, the mines earmarked for power will draw only power sector players, and this automatically reduces the numbers of bidders (and bid values) for each mine.

Govt cancels 4 winning coal bids by JSPL, Balco

The ministry had examined nine blocks whose surprise low bids prompted the designation "outliers". But bids for five of those mines were accepted, Coal Secretary Anil Swarup said in a tweet message early on Saturday.

Govt to auction 15-20 more mines if Coal Bill passed in RS

The Coal Ordinance which was re-promulgated in December would lapse on April 5. "Whatever action has already been taken is deemed to be valid, so we would have completed all our actions before April 5. As far as ongoing auction process is concerned nothing will get impacted.

Thumbs up to Piyush Goyal for coal block auction success

We should thus give Coal and Power Minister Piyush Goyal two cheers for the success of the first two coal auctions. The third one can wait till he changes the terms for bidding in future auctions to bring in even higher levels of transparency.

Can Budget kickstart the growth cycle? India Inc speaks

In an interview, Vinita Bali, former MD, Britannia Industries; Dilip Piramal, chairman, VIP Indutries; Rashesh Shah, chairman and CEO, Edelweiss Group; and Ajay Srinivasan, Chief Executive – Financial Services, Aditya Birla Group, discussed the Budget

Coal Auction: Two mines sees successful bidding

Iinitially 20 mines were supposed to be auctioned, but now only 14 mines are up for grabs with two going under the hammer today. Today, bidding for one of the mine in Jharkhand and one is Odisha was completed.

Govt begins second round of coal mine auctions

Government on Wednesday began the second round of coal mine auctions by putting on offer four blocks – all in Jharkhand – with firms including Adani Power, JSW Steel, SAIL and BALCO in the race.