Coal Block Auction

JSW, Tata Steel beneficiaries if MMDR Bill passed: Sunidhi

In an interview with CNBC-TV18's Ekta Batra and Anuj Singhal, Chintan Mehta, Metal Analyst at Sunidhi Securities, talked about his outlook for the sector and its various companies.

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.

Coal block auction proceeds have crossed Rs 1.86 lk-cr

Power and coal minister, Piyush Goyal said proceeds from coal block auctions so far have crossed Rs 1.86 lakh crore, which was the figure quoted by Official auditor CAG for the estimated loss of revenue under the previous government's coal block allotment

Sensex falls 644 from top after hitting 30K on RBI rate cut

Late sell-off in banks, metals, oil & gas, power and IT shares dragged the market down, while FMCG, pharma and realty shares held ground.

How JSPL chalked out its strategy for the coal auction

Last week was a rollercoaster ride for Jindal Steel & Power at the coal auctions. The company successfully retained the richest mine for the lowest price but also missed out on one block.

JSPL drops out of Gare Palma IV/1 bidding citing high price

A day after Jindal Steel and Power engineered a virtual coup by bagging rights to explore Gare Palma IV/2 and 3 at a low price of Rs 108 per tonne, a development that sent its shares soaring 26 percent yesterday, the company suffered an upset by failing to qualify as a bidder for Gare Palma IV/1.

JSPL #WontGiveItBack: Gare Palma a crucial win for co

Amid mounting concerns over whether power companies were spreading themselves too thin while bidding for blocks in the ongoing coal auction, a subsidiary of Jindal Steel and Power pulled off a sizzling win by bagging rights to explore Gare Palma IV/2 and 3 mines in Chattisgarh at a cost of a mere Rs 108 per metric tonne.

Coal scam: Vinod Rai is right, Manmahon Singh wrong

Manmohan Singh, who was coal minister when most of these blocks were allocated, will have egg all over his face. He told parliament in August 2012 that CAG‘s estimates were wonky. Singh said Rai‘s way of computing losses to the exchequer was wrong.

Coal auction to benefit poor states: Coal Secretary

"Coal block auction gets underway on the fourth day," Coal Secretary Anil Swarup said in a tweet. He further tweeted, "windfall in offing. Poor states to reap harvest of coal block auctions."

Why CESC fell nearly 12% in trade today

Shares in Kolkata-based CESC fell 11.9 percent in trade today amid concerns that the company, which managed to wrest back control of the Sarisatolli coal block in West Bengal, had done so only at an exorbitant cost.

Committee to review coal mines disallowed for auction: Govt

Stating the Delhi High Court‘s ruling to remove two coal blocks from ongoing coal auction will not impact it, Coal Secretary Anil Swarup today said that while the government was fully prepared to contest such cases, it had not yet taken decided whether to move the Supreme Court to contest the decision.

Prakash Ind gains 4%, deposits additional levy with govt

"Prakash Industries deposited a total amount of Rs 234.22 crore with the coal controller, ministry of coal, towards the additional levy against its Chotia Coal Block following the Supreme Court of India's order," said the company that engaged in the business of mining, steel and power.