The Indian conglomerate trying to build one of the world’s largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government.
The government today said state-owned Coal India is hunting potential avenues for buying stakes in coking coal blocks overseas.
The Cabinet Committee on Economic Affairs (CCEA) may soon take a call on the methodology for allocation of coal mines for commercial mining, an official source said.
State-run Singareni Collieries would start 12 new coal mines, Telangana Chief Minister K Chandrasekhar Rao said in the assembly today.
State-owned Neyveli Lignite Corporation has invited global and domestic firms to develop and operate its two coalmines with a production capacity of 20 MTPA in Odisha.
Even though the state governments have been able to auction just 29 non-coal mines in the last 20 months, the Central government is now expecting them to auction 54 mines in the current financial year.
Tata Steel, India’s second-largest private steelmaker, has expressed interest in bidding for debt-ridden Essar Steel, whose lenders have filed for revival of the company under the Insolvency and Bankruptcy Code
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.
NLC India Ltd has no plans to acquire coal mines overseas as the three blocks alloted to it by the government were sufficient to meet fuel requirement of its power plants, a top company official said.
Thermal power companies including NTPC, the biggest of the lot, would be paying less for their coal requirement this month onwards as the Coal Controller, after a mammoth exercise, has reassessed and downgraded quality of about 177 coal mines across the country, sources said.