The Delhi High Court today pulled up the Centre for its decision to cap the mining of coal at 17 MTPA from two mines by Sasan Power Ltd, a Reliance Power subsidiary, to run their 3,960 megawatt power project in Madhya Pradesh.
ACC Ltd and Ambuja Cements Ltd, both controlled by Lafarge Holcim Ltd, said they were putting on hold their proposed merger, citing constraints related to transfer of mines under current laws.
The success of commercial mining will hinge on the size of mines being offered, their reserve price, and the norms pertaining to the auction of mines, but the ensuing competition would enhance India’s energy security, according to industry insiders.
Hundreds of workers at a South African coal mine owned by the Guptas, a family closely associated with ex-president Jacob Zuma, have gone on strike over uncertainty about the company’s future.
NTPC, which has been allocated 10 coal blocks for captive mining, has already initiated a process of opening technical bids
Goyal’s elevation is no surprise as he has been considered for long amongst the top achievers in the Modi Cabinet. Goyal at 52 is one of the youngest ministers in the Modi government and was made the minister of state for the first time in 2014. Today in 2017, within three years, Goyal has become the full-fledged Cabinet minister in Modi’s council of ministers.
Rewarded for his hard work, Piyush Goyal, holding charge of four important ministries (Power, Coal, Renewable Energy and Mines) as the minister of state with Independent Charge, has been elevated to the rank of a full-fledged cabinet minister in the reshuffle by Narendra Modi government on Sunday morning.
Reliance Power on Thursday said its Sasan captive coal mine has been awarded the National Safety Award (Mines) for 2013 and 2014.
State-owned Coal India will shut nearly 100 unprofitable mines over the next two-three years. Of these, 37 will close down operations this year.
Overturning its May 15 decision to “plug permanently” gas extraction wells falling within 1 km of a wildlife sanctuary, the standing committee of the National Board for Wildlife (NBWL) cleared it on June 27 based on a legal opinion from the Environment ministry that drilling for oil and gas “is not covered under mining”.
Union Minister Piyush Goyal on Tuesday advocated introduction of PPP (public private partnership) model to give a boost to the country’s mineral exploration sector.