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. …

TCI drops charges against green ministry

Files fresh notification under the Cyprus treaty unperturbed by fall in CIL stock’s dollar value UK-based hedge fund The Children’s Investment Fund (TCI) has dropped the charges against the environment and forests ministry from its legal proceedings under the India-Cyprus investment treaty. In March, it had initiated legal proceedings against …

NTPC plans $15-bn coal import contract

NTPC Ltd, India’s biggest power producer, said it plans to spend as much as $15 billion (Rs 82, 521 crore) over a decade to secure overseas coal supplies as prices of the fuel tumble to a 19-month-low. The utility may sign five- or 10-year contracts for the first time to …

For Chandrapur farmers, it’s Rs 10 lakh/acre & a job for kin

MUMBAI: For 480-odd farmers of Virur village in Chandrapur district, it was a pleasant surprise and a big relief when Coal India Ltd hiked the compensation for land acquisition from Rs 44,000 to Rs 10 lakh per acre and also offered job to a family member. The company will now …

Ministry asks Coal India to examine contentious FSA issues

Power companies have refused to ink fuel supply pacts with the miner due to insertion of new clauses The Coal Ministry has asked Coal India to examine issues, including changes in penalty clause, raised by the power producers regarding the model fuel supply agreement. The move comes against the backdrop …

No-go ghost still haunts Coal India

More than eight months after the government scrapped the controversial ‘no-go’ policy, which had banned mining in some areas, state-owned Coal India Ltd (CIL) is still struggling to operate its new projects located in the so-called no-go areas in the absence of a formal go-ahead from the environment ministry. The …

CIL focuses on output, not shale gas diversification

Coal India Ltd (CIL) has said its focus, for now, would be on raising output, not on diversification. The government-owned company, the country’s near-monopoly producer, had diversification plans on coal liquefaction (CTL) and gasification. Last year, Partha S Bhattacharya, former chairman and managing director (CMD), had indicated CIL might foray …

Pvt firms got undue benefits of 1.8L cr in Coalgate: CAG

State-Owned Cos Left Out Of Final Report. The Comptroller and Auditor General’s final report on allocation of coal blocks between 2004 and 2009 without auction is expected to peg the value of “undue benefits” that the government extended to private entities alone at more than Rs 1.8 lakh crore, sources …

Govt warns SAIL of action for ‘unsatisfactory’ performance

New Delhi: Steel major SAIL on Monday got a dressing down from the government over “unsatisfactory” performance and poor progress in expansion and modernization programmes, leading to cost escalations. While SAIL chairman C S Verma termed the Maharatna’s performance as satisfactory, steel minister Beni Prasad Verma came down heavily on …

Coal block allocation: JPC probe sought into alleged scam

The Left sought to spoil the celebratory mood of the UPA’s third anniversary on Tuesday, with a CPI(M) member demanding a JPC probe into an alleged coal scam which has reportedly caused a loss of over Rs 1.8 lakh crore to the exchequer. “Three years of the UPA government have …

NTPC will get coal even without FSA

NTPC’s reservation in signing the fuel supply agreement (FSA) with Coal India Ltd (CIL) will not impact the country’s largest power producer, as CIL will not restrict supply of fuel in the current financial year, even if the agreements are not signed. “NTPC will continue to get coal whether FSA …

NTPC To Get Coal Even Without FSA

CIL’s FSAs may not be diluted despite reservations of power producers, including NTPC, to sign them NTPC's reservation in signing the Fuel Supply Agreement (FSA) with Coal India (CIL) will not impact the country's largest power producer as CIL will not restrict supply of fuel in the current financial year …

No Changes in New FSA: CIL

Coal India is in no mood to make any changes to its new fuel supply agreement because it has not received any such direction from the coal ministry. The company is yet to receive any directive or communication from the coal ministry for changing the fuel supply agreements to make …

Coal India Launches More Liberal R&R Policy

Coal India has introduced a more flexible policy for resettling and rehabilitating people affected by its mining projects, the government said on Thursday. “CIL has introduced a liberalised new Resettlement and Rehabilitation (R&R;) policy-...It attempts to consolidate the different resettlement and rehabilitation practices that are being followed by CIL subsidiaries,” …

CIL inks fuel-supply deal with 14 power plants

New Delhi Coal India has so far entered into pacts with 14 power plants for the supply of fossil fuel, while some have refused to sign it due to their objections on some of the clauses of the model fuel supply agreement. “Till now, 14 power units have entered into …

Power industry miffed at CIL supply pact clauses

The negligible penalty for supply shortfall set by state-owned Coal India (CIL) as a condition for committing supply to fuel-starved power plants is not the only reason why power companies have rejected the new model supply agreement. This has brought the government’s efforts to resolve the ongoing coal crisis back …

CIL signs fuel supply pacts with 14 power plants

NEW DELHI, 16 MAY: Coal India has so far entered into pacts with 14 power plants for the supply of fossil fuel, while some have refused to sign it due to their objections to some of the clauses of the model fuel supply agreement. “Till now 14 power units have …

Coal India signs fuel supply pacts with 14 power plants

The development follows power ministry seeking the intervention of the PMO to resolve issues related to CIL's new fuel supply pact Coal India has so far entered into pacts with 14 power plants for the supply of fossil fuel, while some have refused to sign it due to their objections …

Coal India signs fuel supply pacts with 14 power plants

Coal India has so far entered into pacts with 14 power plants for the supply of fossil fuel, while some have refused to sign it due to their objections on some of the clauses of the model fuel supply agreement. "Till now 14 power units have entered into fuel supply …

Coal supplies: Power Ministry seeks PMO's intervention

With no end in sight to the continuing tussle between Coal India Limited (CIL) and power producers over the fuel supply issues, the Power Ministry has petitioned the Prime Minister's Office (PMO) to intervene and settle the issue pertaining to signing of new fuel supply agreements (FSAs) and some controversial …

CIL told to Adopt New FSAs for Upcoming Plants

The coal ministry has asked Coal India to sign the new format fuel supply agreements with power units coming up between January 2012 and March 2015. The directive came in response to a clarification sought by the miner on whether it should sign supply pacts with new thermal plants on …

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