Further rounds will continue thereafter: Coal minister
The government mopped up Rs 8,964.75 crore till last month from the auctioned and allotted mines, according to the coal ministry
Here's a selection of Business Standard opinion pieces for the day
The Centre is planning to come out with the proposed mining reforms in a month or so and the auction of mineral blocks will kickstart two to three months after the amendments take place
In an interview with Shreya Jai & Jyoti Mukul, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi argues why coal production cannot be sacrificed at the altar of environment
Govt gets 82 bids in technical round for India's first such auction
States had protested that the Centre was breaching their rights to approve land acquisition for private coal miners
Adds three mines from the same state taking the total of mines on offer to 38, from 41 earlier
Coal Ministry said it has revised the list of mines to be auctioned for commercial mining and now 38 blocks would go under the hammer instead of 41 mines announced earlier
CIL will pump in over Rs 1.22 trn on projects related to coal evacuation, exploration and clean coal technologies by 2023-24, to achieve 1 bn tonnes of fuel output target, Coal Minister said
Under Coal Bearing Areas Act, Centre will acquire land and then give it on lease to miners; SBI raises concerns on offtake, demand of coal from commercial mines
Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China
The ACQ has been increased to 70 per cent for coastal plants
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.
The first of a two-part series analyses how price signals have been planned in coal sector reforms
Coal workers affiliated to five trade unions had gone on strike from July 2-4.
A coal ministry official said that on Friday CIL produced 5.55 lakh tonnes of coal Friday, which is 42.7 per cent of the 10 days average production (from June 22 to July 1) of 12.969 lakh tonne
There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.
With the start of some economic activity and a slight pickup in power demand, some increase was expected in the company's coal volumes in May
In a gazette notification on Thursday, the ministry amended the Environment Protection Act to drop mandatorily washing coal for supply to thermal power plants.