The Supreme Court on Tuesday sought response from Adani Enterprises-led joint venture Parsa Kente Collieries to a plea seeking deallocation of two coal blocks in Chhattisgarh and filing of a criminal case for violation of allotment
At a time the BJP-led central government is battling the charge of corruption over the Rafale fighter jet deal, Union coal minister Piyush Goyal Monday accused the “previous government” of distributing coal blocks to their “favourites” like “revdi”.
In the past week, the Cabinet Committee on Economic Affairs approved a methodology to auction coal blocks for commercial mining.
The Union cabinet’s approval today for the methodology for conducting auction of coal blocks for commercial coal mining is a major step forward in the implementation of coal sector reforms by the Modi government, experts said.
A total revenue of Rs 4,109.3 crore has accrued to states, including Chhattisgarh and Madhya Pradesh, from auctioned and allotted coal blocks till November.
India is planning a simple, attractive system for auctioning coal blocks to private firms by the year end, a measure government officials believe will help accelerate the infrastructure industry and have a multiplier effect on the economy.
New Delhi: State-owned NTPC has sought the advise of consultancy arm of Coal India, CMPDIL, to surrender its two coal blocks as the mines were discovered to be economically and technically unviable.
The Ministry of Coal, has circulated a Discussion Paper on the subject seeking views from public and stake holders
India aims to auction coal blocks for commercial mining by December-end, coal secretary Susheel Kumar told television channel ET NOW on Thursday, a move that would end monopoly of State-run firms in coal mining.
State-run power giant NTPC today said its board has approved investment of Rs 3,004 crore for Talaipalli Coal Mining Project which has an estimated 18 million tonnes per annum capacity in Chhattisgarh.