Coal ministry issues press note citing an amendment made to the FDI Policy in April.
Coal Minister Pralhad Joshi on Friday said the Centre has accepted the suggestion of the Chhattisgarh government to change five mines in the state put up for commercial coal auctions with three other
CIL on Friday said it has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply.
Close to 80 queries have been submitted to the coal ministry on the MSTC e-auction platform
Says was excluded from competition, there was a big problem of transparency; wants India to aim at becoming world's largest coal exporter
In the earlier two rounds held over the last two years, around 9,389 megawatt (MW) of power capacity bid for the coal under the SHAKTI scheme
Power companies fear price rise, Coal India denies any tweaking
The Union Cabinet had recently approved the amendments which intend to open up new areas of growth in the coal and mining sector, an official statement said
He told the Lok Sabha that a number of important steps have been taken to augment and monitor coal dispatches to power plants
After the amendment on the Coal Act in 2015, coal blocks are being auctioned
Demand for higher imported coal shipments was fuelled by improved capacity utilisation of manufacturing industries in steel and cement
The first round, conducted in September 2017, saw the entire offered amount contracted by power developers
The Centre in October 2018, announced two new rounds of coal auction, after two failed attempts in 2016-17
Apropos of "CAG on coal, again" (July 28), you have correctly asserted that the point of an auction is to ensure wide and transparent competition
The auditor CAG said competition may have been restricted on account of multiple bids