Coal India

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

Govt wakes up to captive miners profiteering

Mulls clause to mandate participation in tariff-based bidding for power The brouhaha over coal block allocations has goaded the government into correcting the policy imperfections that have long prevailed in India’s coal mining sector. It is planning a clause to make it mandatory for captive miners to take part in …

Natarajan: Success abroad, domestic challenges manifold

Jayanthi Natarajan's tough stand ensures recognition abroad, but red-tapism & bureaucracy continue to delay approvals in India Reticence can be a double-edged sword. For Jayanthi Natarajan, minister for environment and forests, her reserve has attracted much criticism from domestic detractors. Yet, on the high table of international climate diplomacy, it …

JPL profits not due to cheap coal: Jindal

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 …

Hauled Over the Coals

Even while Prime Minister Manmohan Singh was saving the world at the NAM summit in Tehran, confident that he had said enough in Parliament to exonerate his government in the scam swirling around the allotment of coal blocks, a group of senior bureaucrats finalised a draft report recommending cancellation of …

Coal, Tarred

Has the CAG been too simplistic and selective in its assessment? A retired Principal Auditor-General of Bihar, Santosh Kujur, remembers chatting with a bank manager in one of the coalfields. The salary accounts of all Coal India Ltd (CIL) managers were maintained in his branch, he was told, but very …

Power generation cost from coal plants set to rise: Greenpeace study

The financial costs associated with coal-fired electricity generation are set to rise given the need to increase coal import, according to a study report of Equatorials. The study on coal fuel supply agreements by Coal India Ltd and recent developments commissioned by Greenpeace bring to the fore how the costs …

CBI to Dig Deeper into Coal Allotment Scandal

Agency to raid more cos and question people with doubtful credentials who have bagged blocks The Central Bureau of Investigation (CBI) is expected to deepen its probe into the controversial allotment of coal blocks, raid more companies, and question people for bagging lucrative coal blocks despite having doubtful credentials. The …

Coal taint may hit deserving cos

The biggest collateral damage in the witch-hunt against undeserving firms that were allocated coal blocks by the UPA is that some deserving candidates could find themselves facing the short end of the stick if the government were to succumb to the growing clamour for en-masse cancellations. It needs to be …

Coal blocks for pvt firms, CIL sent to Africa: PSU’s Pleas For Allocation In India Ignored

New Delhi: State-run Coal India Limited’s pleas for coal blocks at home may have fallen on deaf ears but the government did not hesitate in asking the Maharatna company to go as far overseas as Mozambique in south-east Africa to prospect for coal. For over four years, Coal India repeatedly …

Ministry plans to hand over cancelled blocks to CIL

To check the adverse impact of a possible cancellation of the coal blocks allotted to companies that have failed to fulfil the norms for making them operational by March 2013 and prevent a “fuel crisis,” the government proposes to hand over all cancelled blocks to Coal India Limited (CIL). This …

PPP mode suggested for coal evacuation from CIL mines

Underlining the need for ramping up coal production to meet the growing domestic demand, the Inter-Ministerial Group on PPP in coal mining, comprising the Planning Commission, the Department of Economic Affairs (DEA) and the Coal Ministry, has strongly pressed for Public-Private Partnership mode for mining and evacuation of coal from …

MCL moves SC on closure of coal mines

MCL is the second largest subsidiary of Coal India in terms of coal output Mahanadi Coalfields Ltd (MCL), which had shut down its six mines in Ib valley region over the weekend following an order of the state steel and mines department, has moved the Supreme Court seeking stay on …

Chawla Panel Echoes CAG in Highlighting Coal Policy Flaws

Committee on natural resources punctures PM’s claims on mine allocation VIKAS DHOOT NEW DELHI Prime Minister Manmohan Singh’s sharp retort to the audit report on allocation of coal blocks has showed the aggressive stance of the ruling party on the issue, but it has also questioned the findings of the …

CIL board clears new fuel supply pact with riders

Kolkata The Coal India (CIL) board on Friday cleared the new model fuel supply agreement (FSA), specifying some conditions. After an eight-hour board meeting, CIL chairman S Narsing Rao told reporters that as of now, the board has cleared the new FSA in terms of supplying imported coal to consumers …

Power cos’ execs meet Moily over fuel issues

New Delhi Top executives of private power companies such as Tata Power, Reliance, Lanco and Torrent Power met Union power minister Veerappa Moily on Friday to seek his intervention to ensure a speedy resolution to pending fuel issues relating to the sector. A huge generation capacity is facing the prospect …

A study of impact of the presidential directive to Coal India

India currently has plans to ramp up coal based power generation on a massive scale. Domestic supply has consistently fallen short of demand and the gap has been widening. Coal India Limited, a public sector company, mines about 80% of the coal in the country and is being directed by …

Benefiting private players twice over: first the allocations, now the FSAs

Greenpeace commissioned Equitorials, a financial research firm, to do an independent analysis of the financial impact of signing Fuel Supply Agreements(FSA) on Coal India Limited. This analysis is in the context of the Presidential Directive issued at the government’s behest to CIL, ordering it to sign FSAs with all power …

A study of impact of the Presidential Directive to Coal India

Greenpeace commissioned Equitorials, a financial research firm, to do an independent analysis of the financial impact of signing Fuel Supply Agreements(FSA) on Coal India Limited. This analysis has been done in the context of the Presidential Directive issued at the government’s behest to CIL, ordering it to sign FSAs with …

Sibal betrays govt coal contradictions

In ’07, Govt Said Auction Won’t Hike Coal Prices, Now HRD Minister Says The Opposite New Delhi: HRD minister Kapil Sibal on Wednesday forcefully defended his government’s decision not to auction coal blocks, arguing that doing so would have pushed the price of the crucial mineral too high for many …

6 directors blocked CIL fuel agreement

If they (parties who CIL signed FSAs with) also appear to be those who received largesse from the government in terms of allotment of coal blocks then we would also be guilty of favours to the same set of projects/owners,” Baruah wrote in an e-mail to CIL company secretary M …

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