Judgment of the National Green Tribunal, May 27, 2025 in the matter of Sumit Saini Vs Shree Ram Steel Industries & Others. Sumit Saini, resident of village Damla, District Yamuna Nagar, Haryana had sent a letter petition dated May 14, 2022 to the NGT. The application said that around 25 …
New Delhi: Naveen Jindal, promoter of Jindal Steel and Power Limited (JSPL), came under heavy artillery fire from the opposition for charging higher tariff for power he generates from the Raigarh plant in Chhattisgarh using coal allocated to him free by the government. Reacting to a report in TOI on …
New Delhi: Congress MP Naveen Jindal, who is chairman and MD of Jindal Steel & Power, on Sunday said JSPL’s subsidiary Jindal Power Limited (JPL) was highly profitable not due to allocation of cheap coal but because of many other reasons. Reacting to a TOI report on JPL selling costly …
Most blame wait to get green nod, land Jindal Steel might present case today On the first day of the three-day interaction of the high-level inter ministerial group (IMG) on coal block development, 10 companies on Thursday presented their cases to the panel, justifying their delay in production. These companies …
NMDC has raised iron ore prices by 8-13 per cent for domestic sales Fearing a further squeeze on profit margins, steel manufacturers have sought intervention of the ministry of steel in the issue of the recent “arbitrary” price increase in iron ore price by state-owned NMDC. In a letter dated …
“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 …
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. It said allotments were made to two private companies for Coal To Liquid (CTL) project in 2009 …
Two coal blocks, including one given to Congress MP Naveen Jindal’s Jindal Steel and Power Limited (JSPL), face the risk of de-allocation as their cases would be under special focus at the meeting of an inter-ministerial group (IMG) tomorrow. The coal ministry had advised the IMG to do “due diligence” …
An inter-ministerial panel under the coal ministry will decide the fate of allocation of 17 captive coal blocks allotted to big corporate houses, next week. This is on the back of severe delays in their development. This comes close on the heels of the Central Bureau of Investigation (CBI) investigating …
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 …
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 to make them work on their mines. The threat was issued this month by an inter-ministerial group …
New Delhi As many as 50 of the 57 captive coal blocks allocated to private firms, which are at the centre of a row over a damning CAG report, haven’t yet got various other statutory clearances. Coal minister Sriprakash Jaiswal cited this and the fact that 20 of these blocks …
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 precedents and not reinvent the wheel. Shortly before the BP Gulf of Mexico disaster, the US interior …
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 over the government auditor's report would not impact the sector. "I think it relates to the past...It is really a …
The Comptroller and Auditor General (CAG) has estimated windfall gains of Rs 1.86 lakh crore to over 90 private companies that were allocated captive coal blocks between 2004 and 2009 in an allegedly non-transparent manner. In a report tabled in Parliament on Friday, the national auditor said a part of …
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 could not have been a better policy than this.” The CAG has come to the conclusion that the Coal Ministry …
Government auditor CAG on Friday said private firms were likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which will result in a loss to the national exchequer. The CAG in its report, tabled in Parliament, names …
New Delhi Jindal Power continues to sell electricity from its Tamnar power plant on a merchant basis, ignoring the coal ministry’s recent directive that stipulates that power plants running on captive coal must not quote a higher price for power supply in tariff bidding than those offered by generating stations …
The villagers affected by the six million tonne steel plant of Jindal Steel and Power Ltd (JSPL) at Nisha near here on Monday launched a blockade around the project site to press for fulfillment of their demands pertaining to higher land compensation and jobs in the project. They were also …
Three lessees charged with violation of Rule-37 of Mineral Concession Rules-1960 – Indrani Patnaik, KJS Ahluwalia and R P Sao- have filed petitions in the revision authority under Union ministry of mines, dealing a blow to the ongoing investigation by the state steel & mines department. Indrani Patnaik has even …
Steelmaker will use the loan for a 2-mt, coal-to-gas direct reduced iron plant near Angul. Unfazed by its failure in Bolivia where it has threatened to walk out of a large steel project due to differences with the Bolivian government, Naveen Jindal-led Jindal Steel & Power has raised . 3,500 …
