Showing Tag: "coal" (Show all posts)

Supreme Court's coal verdict to cost Adani Rs 6,000 crore

Posted by Debyendu Chakraborty on Tuesday, November 4, 2014, In : POWER NEWS 
Billionaire businessman Gautam Adani-owned Adani Group, so far perceived to be a major beneficiary of the Supreme Court's decision to cancel 214 coal mines, has actually emerged as one of the losers. It was widely believed that since companies would be forced to import coal following the cancellations, the Adani Group as, the country's largest coal trader and importer, would have benefited.

However, what is coming out now is a little-known fact that the Ahmedabad-based group had forayed...


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CPI(M) attacks govt for ordinance on e-auction of coal blocks

Posted by Debyendu Chakraborty on Sunday, October 26, 2014, In : POWER NEWS 
CPI(M) on 22-10-14 attacked the Narendra Modi government for issuing an ordinance to allow e-auction of coal blocks for private parties, saying it "completely nullifies" the Coal Nationalisation Act of 1973 and no such decision can be taken without Parliament approval.

Following Supreme Court order quashing the allocation of 214 coal blocks, "it has now been found that most of these coal blocks were not under production but were used as collaterals for raising capital and speculative pr...


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Captive power plants seek preference in coal block re-auction

Posted by Debyendu Chakraborty on Monday, October 13, 2014, In : POWER NEWS 
Industries with captive power plants want the government to give preference to operational units when re-auctioning of cancelled blocks starts next year. Last week the Supreme Court scrapped 214 coal blocks saying the allocations by the government over the last two decades were illegal. It ordered that the blocks be returned to Coal India.

For the past five to eight years, an aggregate 50,000 Mw of power plants installed by firms in sectors such as steel, aluminium, paper, cement, chemi...


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