Global ratings agency Moody's today downgraded the rating for Adani Abbot Point Terminal Pty Ltd's (AAPT) secured bank credit facility to 'Ba2' from 'Baa3' on material volatility in cash flows
Category: Coal & Mining
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Policy on auction of coal linkages in 2-3 months
Policy on auctioning of coal linkages to the power sector is likely to be finalised in 2-3 months, the government said. Proposed policy on auction of coal linkages to power sector will take two to three months,' Coal and Power Minister Piyush Goyal told reporters.
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Green court cracks whip on clean coal
The National Green Tribunal has pulled up the Ministry of Environment, Forests and Climate Change (MoEFCC) for failure to implement its order to ensure power and coal companies followed clean coal norms.
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GAIL project: protest staged
Members of Social Democratic Party of India staged a demonstration at Karunkalpalayam in late February, urging the Central Government to restrain GAIL
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Coal India´s supply to power sector up 7% in April-Jan
CIL´s supply of coal to the power sector rose by 6.7 to 336 mt in the first 10 months of the ongoing fiscal with the government aiming to supply 24*7 electricity.
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Regulatory framework for Mining, construction?
The government may soon come out with a separate transparent regulatory framework for construction, mining and earthmoving equipment sectors, according to media reports.
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Use green finance for cleaner coal
The Economic Survey 2015-16 has warned against a system of green financing in India that focuses solely on renewable energy and instead also wants investments in greening of coal power.
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Of the public, for the public but not by the public
What is it that was just 29 crore in 1951 and has now grown to 10 lakh crore? It is the amount of public investment in 290 public sector units in India today.
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Govt to exploit unviable coal mines to make urea: Gadkari
Government will soon exploit economically unviable coal mines for gasification to produce cheaper urea to cut down on huge Rs.55,000-crore annual subsidy on the fertiliser, Union Minister Gadkari said.
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Coal India output to hit record 550 MnT in FY16
Increased output by Coal India has resulted in savings of about Rs.17,000 crore and the state-run miner is set for a record production of 550 million tonne (MT) this fiscal, a top official said.