The government has decided to reject Jindal Steel & Power Ltd’s (JSPL) Rs 230-per-tonne bid for a captive coal block in Chhattisgarh, claiming the valuation to be too low even though the company was the highest bidder for it in the recent round of auctions, a senior official said.
The Coal Ministry on Friday said it is considering allotment of six coal mines that have been marked for end-uses like power, iron and steel and sale of coal. The ministry had started allotment process for 15 coal mines for various specified end-use such as in power and iron & steel sectors.
The Central government promoted ‘Navratna’ — NLC India Limited, which is planning to invest more than Rs 17,000 crore in its integrated coal-fired power projects, has embarked upon aggressive programs of afforestation to cultivate close to 26 lakh trees in Odisha.
Coal India is hoping to increase fuel stocks at power plants to the prescribed level of 22 days, which requires 36 million tonnes to be stored at generating stations, a company executive said.
The Comptroller and Auditor General’s (CAG) report on the environmental impact due to mining activities and mitigation measures at Coal India Limited (CIL) and its subsidiaries, has found several discrepancies.
Government owned navratna company NLC India Ltd plans to commence mining from its Talabira-II & III coal blocks in Odisha’s Sambalpur from the next fiscal year. Annual production capacity from the coal blocks with estimated deposits of 554 million tonnes (mt) is pegged at 20 mt.
The government has initiated discussions to ‘lift price restrictions on domestically produced natural gas’. However, it intends to do it ‘gradually’. It wants to continue with regulated gas pricing for at least three more years.
Six of the seven coal producing subsidiaries of the world’s largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday.
Six of the seven coal producing subsidiaries of the world’s largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday. “Coal India Ltd (CIL) amended its original Corporate Environment Policy
The Comptroller and Auditor General (CAG) has highlighted inconsistencies in deployment of manpower for monitoring the environmental impact of Coal India’s activities.