Page 2 - Coal Auctions

Coal India's e-auction sales up 53% in Apr-May at 21.5 million tonne

CIL scripted an all-time high of 124 MT in e-auction sales in 2020-21 posting 88 per cent growth over the preceding year.

Coal India's fuel allocation through spot e-auction rises 43% in FY21

State-owned CIL allocated 42.51 million tonne of coal in 2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent

Expansion in newer business will reduce funding dependence: Coal India CMD

Competition from private players is not a worrying factor for CIL. Their role will be complementary to ours, said Pramod Agarwal

Govt plans incentive for starting production early from auctioned mines

The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on the same.

Coal to be biggest contributor to India's $5 trillion economy: Amit Shah

'Single Window Clearance Portal' for successful bidders of coal mines under Oct-Nov 2020 auction

Coal India's fuel allocation under spot e-auction rises 59% during Apr-Nov

Fuel allocation by CIL under the scheme also increased to 4.09 MT in November, from over 3.58 MT in the corresponding month of 2019

Govt re-invites bids for auction of 4 coal blocks for commercial mining

The blocks, which are fully explored, have an annual peak-rated capacity of 52 million tonnes

Best of BS Opinion: Beyond a seat at UN high table, mining watchdog & more

Here's a selection of Business Standard opinion pieces for the day

Mining watchdog

Independent regulator for coal and other minerals is overdue

After commercial auction success, govt plans further mining reforms

Private sector likely to get entry into mineral exploration

Adani to own 1st coal mine in India, bids inch up on Day 2 of auctions

Places highest closing bid for Dhirauli mine in MP, edging out the only other bidder Hindalco Industries; The only other mine it owns is Carmichael in Australia

Vedanta, Hindalco post wins in commercial coal auction; new players debut

Adani Enterprises, which was also in the race for these two mines, did not win any

40% of India's coal mines on offer find no takers, foreign firms stay away

The world's second largest consumer, importer and producer of coal has offered a range of financial incentives to attract investment and reduce imports

Top headlines: LVB working on backup plan; Amnesty shuts India operations

From low interest loans likely for Covid-19 vaccine companies to top companies eying a share in commercial coal auction, here are top headlines this morning

Top Headlines: PM Modi woos US investors, relief for Voda Idea and more

Here are the top business headlines on Thursday morning

Energy pricing: Centre may allow Chinese miners to bid in coal auctions

The first of a two-part series analyses how price signals have been planned in coal sector reforms

Countries burning fossil fuel can't give sermons on climate change: Joshi

Pralhad Joshi says he will replace mines from the auction if chief ministers object but they should understand this will change the economic situation in states.

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package

100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers