Bhubaneswar: Demanding a CBI probe into the role of Odisha government in coal block allocations to private companies, senior BJP leader Bijay Mohapatra on Saturday alleged that the BJD government did not
. 20,000-cr project was put on a backburner after demand for steel got affected due to recession in 2008 After three years of shilly-shallying, a business group looks set to give wide-eyed villagers in
The Planning Commission on Tuesday pitched for privatisation of coal mining, saying the government should have a consistent policy for the energy sector, as third-party sale is allowed for petroleum and natural gas in the country. “To my mind, the logic is very clear that it should be allowed (for coal),” Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters on the sidelines of the SKOCH Summit in New Delhi.
State-run Bharat Heavy Electricals Ltd said the ongoing controversy over coal block allocation for power plants will not have any impact on the engineering major’s order book or operations. Refuting reports
Deal Size 23000cr, Losing Bid Was By PSU Under Mantri Between 2006 and 2010, PSU power giant National Thermal Power Corporation awarded a coal mine contract worth over Rs 23,000 crore to a joint venture
“They need to be dealt with firmly and their blocks de-allocated as per the terms” The Coal Ministry has acknowledged that the conduct of the coal block allottees, some of whom are among those who were issued show-cause notices and raided by the CBI, had not been above board as they diverted coal for sale in the open market in violation of the condition of allotment and sold their companies at a heavy premium after getting a coal block. This acknowledgement came in its internal note on coal policy.
Ahir alleges 2 ‘Coal To Liquid’ project allocated in 2009 without panel nod BJP has punched holes in the government’s claim that all allocations of coal blocks were cleared by the steering committee.
Rejecting charges of wrongdoing in coal block allocations, Prime Minister Manmohan Singh on Monday said the government has already initiated the process of cancelling mines to companies which failed to develop them and action would be taken against 'wrongdoers' if any. "We have initiated action to cancel the allocations of allottees who did not take adequate follow-up action to commence production," Singh said in a statement in both Houses of Parliament amid uproar created by the BJP.
While the Comptroller and Auditor General (CAG) thinks the private coal miners could rip off Rs 1,85,591 crore from the state, the coal ministry has had to threaten companies with invoking bank guarantees
While the CAG is right about resource allocation through competitive bidding, mineral resources are universally let out on annual lease and not auctioned off for a lump sum. India needs to follow global
The Prime Minister's Economic Advisory Council Chairman C Rangarajan today termed as "governance issue" the CAG's report critical of the allocation of coal blocks without auction. He said the controversies
New Delhi The Steel Authority of India (SAIL)-led consortium which won the bid for Afghanistan’s Hajigak iron ore mines has sought a government guarantee to fund the $11-billion project, which includes
Jindal Steel and Power Limited (JSPL), which is planning to set up a 2,640MW power plant in Sikaripara and Raneshwar blocks of Dumka district, has expedited its corporate social responsibility (CSR) activities to win over villagers. A slew of welfare programmes have been started by the JSPL authorities to woo disgruntled and anxious residents of the two blocks.
Dilip Bisoi Bhubaneswar: Big ticket steel projects of Posco-India and ArcelorMittal may be lagging behind, but mega projects of Tata Steel, Bhusan Steel and Jindal Steel & Power are progressing satisfactorily, said a review meeting of the state steel & mines department.
A 0.6 MTPA wire rod mill set up by Jindal Steel and Power Limited (JSPL) will be inaugurated by Union steel minister Virbhadra Singh at Patratu on April 24, making it the first steel plant to come up in Jharkhand in the last six years that has seen 50 other steel majors sign MoUs with the state.
Ranchi, July 4: Sesa Goa Limited, whose MoU for setting up a 0.4 MTPA steel mill was cancelled by the state government in April, has approached the industry department to renew the agreements signed in
New Delhi: Government policies on subsidy are preventing Indian energy-intensive companies from improving their carbon image globally even though comparable firms in the developed world on an average have
New Delhi: There is more trouble for Lanco Infratech’s R16,000-crore Gare Palma-II coal mining-cum-power generation project in the Raigarh district of Chhattisgarh as Jindal Power proposes to set up ash
Calcutta, Oct. 28: The government is likely to seek written commitments on compensation and rehabilitation for land losers from the JSW Group for its proposed steel and power plants in West Midnapore’s
New Delhi The CAG might choose to call it “unintended benefit” to certain firms rather than loss to the exchequer, but the policy of captive coal blocks formulated in 1993 has clearly given ample opportunity for a veritable cross-section of corporate India to grab the dwindling natural resource for a song and make undue profits at the cost of consumers.
