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Coal block auction News

13 Aug 2015

Coal auctions: Govt raises Rs 4,364 crore in third round

The third tranche of coal auctions that came to an end Thursday saw the government kitty swell by a total of Rs 4,364 crore.

20 Apr 2015

Coal mine auction: Third round likely next month

The third round of coal block auction may get off the ground next month, a top official said Monday.

19 Mar 2015

Post-coal bids, power cos may face Rs 1,350cr deficit: Crisil

"Private power producers with a capacity of 10,000 MW, who bid the highest at the recently concluded coal block auctions, are staring at 65 paise per unit under-recovery in variable cost because of aggressive bidding," the agency's research arm said in a statement here on Thursday.

23 Feb 2015

Rs 1.09 lakh crore to go to states from coal block auction

Approximately Rs 1.09 lakh crore would go to the coffers of states like Chhattisgarh, West Bengal, Jharkhand, Odisha and Maharashtra following auction of 19 coal blocks held last night, Union Coal Secretary Anil Swarup said Monday.

Sesa Sterlite shares

23 Feb 2015

Sesa Sterlite shares up 3% as Balco bags 2 coal mines

Shares of Sesa Sterlite went up by almost 3 percent after the company's subsidiary Bharat Aluminium Company (Balco) bagged one more coal block and total two mines in the first tranche of auction.

22 Feb 2015

After coal, spectrum auction may fetch over Rs 1 lakh cr

"The EMD amount, which is the highest so far, shows that there is high demand of spectrum and we are looking forward to a successful spectrum auction," a Department of Telecom official said.

Bharat Aluminium Company

21 Feb 2015

Balco bags one more mine in Chhattisgarh

Bharat Aluminium Company (Balco) bagged one more coal block on the eighth day of the auction, taking the total number of mines sold so far through the ongoing auction to 18 that will generate an estimated over Rs 1 lakh crore for respective states.

17 Feb 2015

Govt to start afresh Wednesday mine allotment process to PSUs

The government will Wednesday start afresh the process for allotting coal mines to state and central PSUs and will now allot 43 blocks, instead of 36 announced earlier.

Jaiprakash Power Ventures

17 Feb 2015

Coal auction: Balco, Jaiprakash Power, OCL Iron & Steel bag 1 mine each

Balco, Jaiprakash Power Ventures and OCL Iron & Steel bagged one mine each on the fourth day of coal auction Tuesday, taking the total number of blocks sold via bidding to 11.

16 Feb 2015

Coal auction: Jaiprakash, Durgapur Proj, BS Ispat win one coal mine each

Three companies -- Jaiprakash Associates, Durgapur Projects and B S Ispat -- bagged one mine each on the third day of auction Monday, taking the total number of coal blocks sold through e-auction to eight so far.

13 Feb 2015

Coal auction: Setback to Centre in Delhi High Court

Government Friday suffered a setback in the coal block auction process as the Delhi High Court provided relief to several companies which were disqualified from participating in the bidding process on one or the other ground.

13 Feb 2015

Bidders concerned over reverse bidding in coal mine auction

Ahead of the coal block auction, several players in steel and power sectors have aired their reservations about the reverse bidding mechanism and have raised a lot of queries on the same with the government.

28 Jan 2015

Coal auction: Govt extends last date for technical bid to Feb 3

The government has extended the last date to February 3 for submission of technical bid for coal block auction.

22 Jan 2015

PSUs to pay Rs 100-150/tonne on coal besides upfront payment

State-owned entities will have to pay up to Rs 150 per tonne of extracted coal as royalty and monthly payments in addition to the upfront amount, the government said on Thursday as it kickstarted the allocation process for 36 mines to PSUs.

13 Jan 2015

Govt asks coal block bidders to fix dates for site visit

Moving ahead with the process of auction of mines, the government has invited bidders to come up with dates to visit the coal blocks besides inspecting land documents of the mines.

28 Dec 2014

Coal block auction: CIL seeks clarity on three mines

With a fresh process underway for allocation of 204 coal mines for their 'development and optimum utilisation', Coal India has informed the government that the list also includes two blocks already allocated to it and mining work was on in another mine post its de-allocation.

27 Dec 2014

Coal auction: 7 mines in Chhattisgarh, 6 in MP are on offer

In the first tranche of coal block auction, government on Saturday invited bids for 24 mines, including seven in Chhattisgarh.

22 Dec 2014

Bring objectivity, transparency in mines allocation: Parl panel

There is a serious need to bring objectivity and transparency in allocating mines in the wake of Supreme Court's cancelling 204 coal blocks, a Parliamentary Panel has said.

22 Dec 2014

Govt eyes Rs 1.47 lakh cr from auction of 92 coal blocks

Government is targeting a revenue of Rs 1.47 lakh crore from the allotment and auction of 92 coal blocks out of those being given out in the first phase to private as well as public sector entities.

30 Nov 2014

Bill replacing coal ordinance to be brought in Parl this week

A bill seeking to replace the coal blocks allocation ordinance that unveiled the NDA government's ambitious coal sector reforms will be brought in Parliament this week.

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