BlackRock to exit black diamond
“With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector," the world’s largest money manager with $1.8 trillion in assets under management, said in a letter to its clients.
'Coal companies must make extra voluntary contribution to staff pension fund'
Coal Mines Provident Fund Organisation commissioner Animesh Bha...
Central Vista makeover: North, South Blocks likely to reflect India's pre and post-1857 history
At present, the South Block houses the Prime ...
"Undue favour" given to "disqualified" Adani Enterprises in award of coal supply contract: CBI
The agency has registered the FIR under charges of criminal conspiracy, cheating under IPC and PPCA after a preliminary enquiry. It was alleged that in 2010, APGENCO had floated a tender for the supply of 6 lakhs MT of coal on free-on-rail destination basis to Dr Narla Tata Rao Thermal Power Station, Vijayawada and Rayalseema Therma Power Plant, Kadapa from any port.
Coal auction rules: 4% revenue share, affiliate companies not allowed
The companies can sell the coal blocks after they achieve their peak capacity. Also, the successful bidder shall produce coal not below 50% of the scheduled production as per approved mine plan in a year and not less than 70% of the scheduled production in any block for three years.
Creditors raise objections, block resolution of 5 IL&FS road assets
An affidavit by the board said that “of the five ITNL sale SPVs, voting had commenced for four SPVs. On account of concerns raised by the CoCs of the five SPVs, voting process has been put in abeyance.”
Share market update: PSU shares trade lower; GAIL falls 3%
The Nifty PSE index was trading 0.7 per cent down at 3225.8.
How US-UK-France-Russia blocked Sino-Pak axis in UN Security Council
China sought a “closed-door consultation” under ‘AOB (any other business)’ at the UNSC after the listed issues were discussed. The meeting was based on an earlier request by Pakistan which was scheduled for December 24 last year but could not take place at the time.
JSPL's coal gasification-based DRI plant in Odisha resumes operation
Jindal Steel and Power Ltd (JSPL) said its coal gasification-based DRI plant at Angul district in Odisha has resumed operation. The plant was not operational for long due to the scarcity of coal.
Meet Vijaya Gadde, an Indian-born Twitter head who decides on blocking tweets, users
As Twitter’s head of legal and policy issues, Gadde has one of the most difficult jobs in technology.
Dedicated mines for coal gasification will be game-changer for us: VR Sharma, MD, JSPL
We have started the New Year with better demand, better prices, says VR Sharma.
Coal India will remain dominant player: Pralhad Joshi, Union Coal Minister
Coal India will continue to be India's biggest coal supplier even after the government’s decision to throw open the sector to private players through an ordinance, Union Coal and Mines Minister Pralhad Joshi said.
Largest equity fund manager loads up on Crompton, PSU stocks; dumps YES Bank
“Public sector stocks have been beaten down irrationally in the past despite superior balance sheets, just because the government is their owner,” veteran investor Shyam Sekhar rued in a recent interaction with ETMarkets.com.
Siemens to support Adani’s Australian coal project despite protests
Siemens was awarded a contract last year to provide signalling technology for a railway line to transport coal from a remote coal mine run by India's Adani Group in northern Queensland state.
Centre deallocates coal block allotted to PFC arm for power project
The coal ministry had in 2010 allocated the coal block in Odisha for a 4000 MW power project to be set up by Sakhigopal Integrated Power Company Ltd. As per the allocation letter, one of the conditions of the allocation was that allocation/mining lease of the coal block may be cancelled on the grounds, including unsatisfactory progress in the development of coal mining project.
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