The government said it will auction eight coal blocks with 1,143 million tonnes of reserves to steel and cement firms. The last date for submission of bids will be December 31, coal secretary Anil Swarup said
Tag: Coal India
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India to sell more coal mines in production push: Swarup
India will auction another eight coal blocks to private steel, cement and electricity companies in January, coal secretary Anil Swarup said, as it races to more than double output to 1.5 billion tonne.
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Mission to skill
The Ministry of Skill Development and Entrepreneurship (MSDE) has been making strides in addressing the acute shortage of skilled manpower, but there is still a long way to go.
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CIL´s e-auction sales at 12% of Q1
Coal India e-auction sales in the first quarter this year once again reached 16 million tonnes (MnT), which is more than the total disposed in the immediate preceding quarter. E-auction volumes were 16 MnT, while realisation from the sales stood at Rs 3,494 crore.
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Coal linkage for PPA developers
Given the litigation over the cap on fixed costs, the government would desist from auctioning more captive coal blocks to power companies
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Coal contracts to be linked with power tariff
Power companies that undertake to supply electricity at the lowest rates to distributors stand to win coal supply contracts from Coal India
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Govt to expedite 60 rail link projects: Anil Sawrup
In an attempt to arrest the last mile connectivity impediments, the ministry of coal with the help of the ministry of railways, will expedite 60 rail link projects.
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IL targeting 10% total sales via e-auction
The Centre has allowed Coal India to revert to the old system, removing the cap on e-auction volumes with effect from April 2015
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Rs.8.5 lakh crore plan is for decongestion of network
Despite having the largest rail network in Asia, Indian Railways has not been able to make much progress. The reasons for its dismal growth are known. Union Railway Minister Suresh Prabhu has ambitious plans of expansion and capacity building. In this regard, he says that in the high density routes, there has been considerable underinvestment, resulting in congestion.
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ONGC disinvestment unlikely this fiscal
The disinvestment of 5 per cent stake in State-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.