Coal as first right for India
London-based hedge fund, The Children's Investment Fund, which owns 1 percent of Coal India, the world's largest coal miner, has demanded to engage with on matters related to business and operations of
Resource Digest
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NMDC shops abroad for assets
India's largest iron ore miner Navaratna company NMDC is now on a shopping spree. It has been traversing the continents looking for precious mineral assets for use in India for some time now. As a part
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Why is UP utility paying more for private power?
A cash-strapped Uttar Pradesh Power Corporation (UPPCL) has signed a one-year deal with a private power generator in Gujarat, routed through a private power trader in the western state, to buy some 600
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R-power wears coal miner's hat to boost its power business
Anil Ambani's flagship power company does not want to stop at just being a leading power generator. It is aspiring to emerge as a leading coal miner as well. At a time when fuel linkage has been crippling
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Iron ore mining firms get Rs 140-cr jolt
Karnataka has imposed Rs 140 crore in penalties on 13 iron ore mining companies in Tumkur for encroaching on government land and dumping mineral waste, thereby causing damage to the environment. "We have
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'Unregulated mining in tribal areas alienating local population'
Arguing that indiscriminate exploitation of mineral resources was leading to alienation amongst local tribal populations and furthering the cause of Naxalite groups, Minister for Tribal Affairs V Kishore
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Coal deficit to widen to 200 MT by end of 12th plan: Plan panel
India's coal demand will go up to 1,000 million tonnes (MT) by the end of the 12th Five Year Plan (2012-17), necessitating about 200 MT of imports to bridge the shortfall in domestic output, said a senior
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High level panel says no to pooling of natural gas price
Reversing its earlier stand, a high level government committee said that domestic natural gas users cannot be asked to subsidise costlier imported LNG as pooling of natural gas prices was not feasible.
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Coal is now multi-crore business for the mafia
Mining coal was once a livelihood for villagers in coal-rich states. Now, it is a multi-crore business for the coal mafia. While the mafia pocket crores, villagers get a few hundreds for mining coal illegally
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Use spare land to cross acquisition hurdle
Land acquisition problems have forced the country's largest power producer, NTPC to rethink its expansion strategy. The company now plans to use spare land at all its existing plants to put up additional
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Subsidizing the fuel will aggravate the fiscal deficit scenario
Subsidizing the fuel will aggravate the fiscal deficit scenario and give rise to inflationary factors that will affect all and not just the actual users, says Ranbir Singh Butola, chairman of fuel retail