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These blocks were given out through e-auction by the earlier NDA government after the Supreme Court judgment cancelled 204 coal mine allocations in 2014. Of the 85 firms awarded through four tranches of auction, 29 were already producing coal when their licences were cancelled.
The latest scam that has come out is the Coal Mining Scam in which Government has had a presumable conservative loss Rs1.86 trillion (short scale), due to the delayed implementation of competitive bidding process for allotment of coal blocks, says the CAG.
Mar 17, 2017· Principal Secretary (2014) 9 SCC 516), the Ordinance and the Rules came to be enacted to inter alia determine the manner in which the de-allocated coal blocks were to be auctioned. The Act and the Rules also provided for manner and quantum for determination of compensation payable to the prior allottee of the cancelled coal blocks.
Aug 04, 2015· The Delhi High Court today sought the Centre's response on a plea by Reliance Power (RPower) and its subsidiary Sasan Power Ltd against the government's decision to cancel allocation of a coal ...
Mar 12, 2019· PTI reported that the Centre has cancelled the sixth and seventh rounds of coal mines auction under which it was planning to put on sale 19 blocks. The coal ministry in .
Sep 25, 2012· The IMG concluded the scrutiny of 31 coal blocks of 51 private firms recently. The Coal Ministry is likely to begin next week issuing deallocation letters to private firms whose mines were cancelled and those where bank guarantees were deducted for sitting idle on .
Delhi HC allows three firms to withdraw bids in coal block auction ... and Jaiprakash Power Ventures Ltd—to withdraw their bids in an auction of coal blocks and secure a refund of the bidding ...
Coal Block Auction - Norms eased to sell coal blocks Published on - Nov 20,2018 Steel ministry suggest coal block auction even with less than three bidders Published on - Sep 28,2018
29 coal blocks may be cancelled this week. Ministry will wait further before deciding on 30 others Acting on the recommendations of the Inter-Ministerial Group (IMG), the Coal Ministry is likely to issue formal orders for cancellation of 29 captive coal blocks belonging to Hindalco, Tata Power, Jindal Steel and Power and Essar Power, among others.
The list of these 6 coal blocks is attached to this order as Annexure 2. 6. Therefore, the affidavit is quite clear that 40 coal blocks are already producing coal and 6 coal blocks are in a position to produce coal virtually with immediate effect. The question is whether the allotment of these coal blocks should be cancelled or not. 7.
The coal block, in the Talcher Coalfield of Odisha, has a reserve of 396.10 million tonne (MT). The ministry further said there is no provision under the Mines and Minerals (Development and Regulation) Act, 1957, and the rules made thereunder to allocate fresh coal block in lieu of a cancelled coal block.
Mar 10, 2019· The Centre has cancelled the sixth and seventh rounds of coal mines auction under which it was planning to put on sale 19 blocks. However, the government did not specify the reasons for .
Dec 10, 2014· Six firms, including SBI Caps, Crisil and Deloitte, have shown interest in providing consultancy for fixing the methodology to determine the reserve price of 54 coal blocks .
Sep 26, 2012· Facing criticism for not acting on the recommendations of the Inter-Ministerial Group (IMG) for de-allocation of coal blocks, the Coal Ministry on Wednesday decided to cancel six more coal blocks .
Govt may cancel coal mine in Jharkhand allotted to Essar Tokisud North mine, having geological reserves of 103.24 million tonnes (MT) and extractable reserves of 51.97 MT, was bagged by Essar ...
grounds that it was imperative to minimise disruption in production from the cancelled blocks. ... from the Ministry of Coal and Infraline database. ... that the seven blocks (six producing and ...
Coal blocks allocated to power and steel companies over the past two decades are now being taken back from these firms after the Comptroller Auditor General (CAG) of India pointed out large-scale irregularities in allocation and development of these coal blocks. Earlier this month, the Inter-Ministerial Group (IMG) recommended cancellation of 28 coal blocks.
New Delhi: The first round of auctions for five coal blocks that were offered over the weekend in the first phase saw aggressive bids from project developers, bolstering the national auditor's ...
Looking to get over with the auction and allocation of the major coal blocks before the end of the Budget Session that begins on February 23, the government today started the process for the re ...
Firm is protesting de-allocation of Chhatrasal coal block, linked to the project ... had promised to allocate the three mines, with an aggregate capacity of 760 million tonnes. In May this year, the coal ministry cancelled the allocation of the Chhatrasal block, saying the three mines exceeded the amount of coal to be used by the plant and ...
Coal blocks allotted to big firms may be scrapped,JSPL ... the CBI naming Aditya Birla Group chief Kumar Mangalam Birla and former coal secretary PC Parakh in its 14th FIR in the blocks allocation case,the coal ministry is preparing to cancel the allotment of some mega ... Download the Indian Express apps for iPhone, iPad or Android. news.
Aug 28, 2019· Captive coal blocks produced only 25.1 million tonne (MT) in FY19, much lower than the peak output of 43.2 MT in FY15 when the Supreme Court had cancelled the licences of 204 such coal .
New Delhi, May 27 (PTI) With the disconnect between the departments of power and coal stalling major projects, Prime Minister Narendra Modi's idea of bringing the two under one minister is likely ...
A study by a Berlin-based NGO pegs India as the most corrupt nation in the Asia-Pacific region. These eight scams show why we have the poor rating. According to International Monetary Fund (IMF ...
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