This discussion paper builds on CPI’s earlier work, with a focus on the technologies, challenges, and current state of financing for the decarbonization of India’s iron and steel sectors, since this is
The government’s Inter-Ministerial Group (IMG) reviewing progress of coal blocks is understood to have recommended cancelling two more acreages being developed by five companies, according to people close to the development. A final view on the recommendation will be taken by Coal Minister Sriprakash Jaiswal soon. The two blocks include Bhaskarpara with 24.6 million tonnes (mt) being developed jointly by Electrotherm (India) Ltd and Grasim Industries Ltd and Dahegaon/Makardhokra-IV with 131 mt reserves being developed by IST Steel & Power, Gujarat Ambuja Cement and Lafarge India.
The Inter-Ministerial Group (IMG) on Thursday recommended de-allocation of two more coal blocks and deduction of bank guarantee (BG) of two more blocks. Thursday’s action concludes the IMG scrutiny of 29 blocks in the first phase. The blocks deallocated on Thursday are: Bhaskarpara, allotted to Kumarmangalam Birla-promoted Grasim Industries and Mukesh Bhandari-owned Electrotherm, and Dahegaon Markardhokra IV block, given jointly to IST Steel & Power, Gujarat Ambuja Cement and Lafarge India.
To counter the BJP’s attack over the alleged malpractices in the allocation of coal blocks between 2004-09, seven Lok Sabha MPs of the Congress have urged the Central Vigilance Commission (CVC) to ask
The blocks facing action are part of the 29 under the IMG scanner The Inter-Ministerial Group (IMG) reviewing the controversial allotment of coal blocks for captive mining on Wednesday recommended cancelling those given to three companies, including Rungta Mines Ltd, due to production delays. It also said the government should deduct bank guarantees given by six companies, including Arcelor Mittal India Ltd, regarding four blocks.
However, the move did not have any impact on the JSW stock Amid the alleged irregularities in the allocation of coal blocks taking their toll, on Monday, JSW Steel joined the list of companies whose coal blocks had been deallocated. The block, Gourangdih ABC in West Bengal, had been jointly allocated to JSW Steel and Himachal Emta Power. However, the move did not have any impact on the JSW stock. On the contrary, JSW shares closed at Rs 727.10 on the BSE on Tuesday, gaining two per cent over the previous close.
Kolkata Sanjiv Goenka-controlled power utility CESC may lose its Mahuagiri coal block in Jharkhand, which was allotted to it in 2007 and is scheduled to be put to use in 2016 when its 1,260 MW thermal power project at Dumka in Jharkhand is ready. CESC’s Mahuagiri block is among the 29 allocated coal blocks under the scanner of the inter-ministerial group (IMG) set up by the government. IMG, which recommended deallocation of eight coal blocks till September 18, is reviewing the status of other allocated blocks. Mahuagiri and North Dhadu coal blocks (allotted to Electrosteel and Adhunik Alloys) will be looked at next, an official in the Coal Controllers office in Kolkata told FE.
The steel ministry’s strategic advisory body has said that export levels of iron ore need to be lowered to 15-20 per cent from the current 50-55 per cent, in order to safeguard the competitiveness of the
New Delhi: The four members of the Jayaswal family — Manoj, Arvind, Abhishek and Anand — who were questioned by the CBI on Wednesday in connection with the Coalgate scam, had “justified their act of misrepresentation
New Delhi: The CBI on Tuesday questioned Abhijeet Group’s Manoj Jayaswal and his brother Arvind and asked several questions about former minister of state for coal Santosh Bagrodia’s link with the family
IMG recommends bank guarantee deduction of Tata Power and Hindalco JSW Steel and Himachal Emta Power today lost a coal block in West Bengal, while Tata Power and Hindalco Industries are likely to lose the bank guarantee for their block in Jharkhand. Today, the government cancelled the allocation of the Gourangdih ABC block in West Bengal’s Raniganj coalfields. Deallocation of the block, being developed by JSW Steel and Himachal Emta Power, was recommended on Friday by an inter-ministerial group (IMG) looking into irregularities in the allocation of coal blocks.
