A Graveyard Of Dreams
The mineral-rich state of Orissa, once a magnet for big-ticket investments, is now a deadlocked destination for projects worth thousands of crores. Four days in and around Bhubaneswar were enough to catch
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Naveen questions Centre on coal blocks to outside companies
Bhubaneswar: Targeted by the Centre on Coalgate issue, chief minister Naveen Patnaik today questioned allocation of coal blocks to certain companies which do not have any stake in the state. Why did the
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CAG Created ‘Harmful’ Controversy
Jindal, who is facing the heat for being allotted large coal blocks, says it is wrong to call him beneficiary Leading industrialist and Congress MP Naveen Jindal, who is facing the heat for being allotted
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SAIL, Nalco and JSP among 6 Indian companies in race for Afghan mines
A consortium of four state-owned Indian companies - SAIL, Nalco, Hindustan Copper and Mineral Exploration Corp - has been shortlisted to invest in new gold and copper deposits in Afghanistan. Two private
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17 coal blocks likely to face de-allocation
The fate of 17 coal blocks is on line as the inter-Ministerial group (IMG), headed by Zohra Chatterjee, is likely to recommend de-allocation for not only their failure to develop the mining assets within
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CBI to Probe Cos’ Roles in Coalgate
Agency to seek info from coal block allottees and those who lost out; roles of state governments also to be looked into Alarge number of companies across power, steel and cement sectors, including Tata
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Jindal Steel to Spend $300 million to Develop New, Existing Mines in Africa
Jindal Steel and Power, India’s biggest producer of the alloy by market value, plans to spend $300 million in developing new and existing mines in Africa. The move is part of the company’s strategy to
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Green tribunal says ‘no' to Jindal steel
In a significant decision, the National Green Tribunal (NGT) on Friday set aside the Environmental Clearance (EC) granted to the 4 MTPA Coal Mining Project of Jindal Steel and Power Ltd and 4 MTPA Coal Washery at Gare in Raigarh district of Chhattisgarh on grounds of faulty public hearing. The company had been granted EC in May 2009. The NGT has directed that the public hearing may be conducted again but not under the Additional District Magistrate (ADM) who conducted it earlier. The verdict delivered by Justice C.V Ramulu and Prof R. Nagendran held that the entire “public hearing was a farce and makes a mockery of the public hearing process”.
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Jindal seeks govt help
Two recent incidents of assault on officials of Jindal Steel and Power Limited (JSPL) in Santhal Pargana has prompted officials of the Congress MP Naveen Jindal
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Govt rejects CAG report on coal blocks allocation
Rejecting the CAG report, the Government said Friday that coal block allocation to private firms were done in a transparent manner. Defending the allocation, Coal Minister Sriprakash Jaiswal said, "There
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Tribunal Cancels Green Clearance to Jindal Steel’s Chhattisgarh Project
The National Green Tribunal has cancelled the environmental clearance given to the Jindal Steel and Power Company’s coal mining and washery project in Chhattisgarh. The clearance was set aside on the grounds
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Green tribunal castigates Jindal, cancels coal project
New Delhi: Jindal Steel and Power Limited got a jolt on Friday with the National Green Tribunal (NGT) cancelling the environmental clearance to the 4 million tonne per annum Gare IV/6 coal mining project
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Policy of Allotting Coal Mines Opaque: CAG
FINAL REPORT PEGS GAIN FOR COS AT . 1.86 LAKH CR The Comptroller and Auditor General’s final report on the allocation of coal blocks has concluded the government did not follow a transparent policy in
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SC orders temporary closure of some Odisha iron ore mines
Move could force steelmakers to source the raw material from overseas The Supreme Court ordered on Friday the temporary closure of nearly half of the iron ore mines in top producing state Odisha due to non-renewal of years-old leases, in a blow to local steel mills that depend heavily on high-quality ore from the state.
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Jindal Steel bags development rights for Bolivian iron ore mine
Jindal Steel and Power Ltd (JSPL) announced winning the development rights of 20 billion tonnes of iron ore reserves at the El Mutun Mines in Bolivia near the Brazil border. The company announced
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60 Cos May Lose Licence for Going Slow on Coal Blocks
Tata Power, Reliance Power, ArcelorMittal, Jindal Steel & Power and Monnet Ispat & Energy are among 60 companies that face the risk of cancellation of mining licences for being slow in exploration
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Industries can now purchase power from open market
NEW DELHI: The government has invoked special powers under the Electricity Act and directed the central and state regulators to implement a long-pending reform to allow industrial consumers to buy cheaper
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State to purchase 990 MW of power
Bellary Thermal Plant may become operational in May second week Energy Minister Shobha Karandlaje has said the State will purchase 990 MW of power to meet the demand during summer. The State is finding it difficult to purchase more power because of lack of corridors to evacuate electricity.
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Coal min to issue notices to firms sitting idle on mines
New Delhi Amid the furore over the CAG draft report estimating a R10.67-lakh-crore loss to the exchequer on account of coal mines allocation, the government will begin issuing notices from Monday to firms sitting idle on blocks.
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Cos with Pellet Plants to Get Priority in Mine Allocation
Move to incentivise steel plants that invest in improving iron ore facilities