Talabira

Initially, two parties - L&T-MHI and BHEL - participated in the bidding process. But finally, in the price bid only BHEL participated. We are not aware of any specific reason for L&T backing out, said Prasanna Kumar Motupalli.

SC stays proceedings against Singh, 5 others in coal scam

A special CBI court had summoned him as an accused on the April 8. The summons were in connection to the allocation of the Talabira coal blocks to Hindalco in 2005.

Coal auction: Hindalco jumps 3% as it bags Kathautia mine

Sunflag Iron & Steel bagged the Belgaon block in Maharashtra at Rs 1,785 per tonne. The block was earlier owned by Sunflag and has 14 million tonne reserves.

Docs require further probe in case against Hindalco: CBI

CBI Wednesday told a special court that fresh documents recovered in a coal scam case relating to 1994 Talabira-I coal block allocation to Indal (now Hindalco, Aditya Birla group) requires further investigation.

Coal scam: CBI registers fresh case against Hindalco

CBI has registered a fresh case in the coal block allocation scam against Indal (now Hindalco, Aditya Birla group) in connection with the allocation of Talabira-I coal block, twenty years ago.

How JSPL, Hindalco will fare in worst-case Coalgate penalty

Analysts believe that the worst hit from the ruling will be Jindal Steel and Power (JSPL) and Hindalco. Yet, even after pricing in the worst-case scenarios for both companies, they do not see significant declines for their share prices, which have already taken a serious knock after the initial ruling came out.

Patnaik's letter to PM was in best interest of state:Odisha

"Keeping the best interests of the state in mind, the Chief Minister had written a letter to the PM indicating that Hindalco's request for Talabira II coal block in the IB valley of Jharsuguda district be examined," Odisha government said in a press statement.