ArcelorMittal plans solar farm in Ballari
World’s largest steelmaker ArcelorMittal may set up a solar farm on land alloted to it for a steel plant in Ballari district of Karnataka, in view of excess global steel capacity and delays in securing
ArcelorMittal
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17 coal blocks likely to face de-allocation
The fate of 17 coal blocks is on line as the inter-Ministerial group (IMG), headed by Zohra Chatterjee, is likely to recommend de-allocation for not only their failure to develop the mining assets within
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CBI action after CAG audit on coal
FIRs against 5 companies, raids in 10 cities, captive block holders face charges of misrepresentation of facts, criminal conspiracy & cheating After the telecom scam, the Central Bureau of Investigation (CBI) has turned the heat on the allocation of coal blocks. It has registered FIRs against 20 accused, including five private companies, their directors and unknown government officials for misrepresentation of facts during allocation. The agency is likely to register more FIRs.
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Only ‘Non-Serious’ Players to Lose Coal Block Permits
IMG to seek investment details from 58 mine operators The government will ask the operators of 58 coal blocks that have been issued show-cause notices to provide details of investments this week to ensure
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90 coal blocks face de-allocation threat
Govt has already issued notices to 58 blocks: 33 allotted to govt firms & 25 to pvt entities Amid the raging row over coal block allocation, as many as 90 mines face the threat of de-allocation as these are under scanner for non-production. Of these, 58 coal blocks are in the immediate focus with an Inter-Ministerial Group (IMG) set to decide their fate today. The government has already issued de-allocation notices to these 58 blocks - 33 allotted to government firms and 25 to private entities.
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IMG reviews coal blocks status, no cancellation now: Govt
Government on Monday ruled out cancellation of any coal block allocation till the inter- ministerial group (IMG), constituted to review the issue, submits its report. “We have constituted the IMG, which is reviewing 58 coal blocks. It has been asked to submit its report in a time-bound manner and latest by September 15. After that we will decide,” Coal Minister Sriprakash Jaiswal told reporters. He added that “the (number of) coal blocks which have been reviewed and issued show-cause notices so far is 58. Of these 58, 20 are such which have been reviewed by the CAG”.
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Cancellation of captive coal blocks looms large on 12 cos
New Delhi The axe is likely to fall on about two dozen captive coal block allottees that feature in both the CAG list of companies making windfall gains and the list of entities that were issued show-cause notices by the coal ministry last year for sluggish progress on their respective projects. Prominent companies, including Tatas, Essar, ArcelorMittal, GVK Power, Hindalco, Grasim Industries, JSW and Bhushan Steel, feature in the list where the coal ministry feels that allocations should be cancelled unless valid ground for delay is established. The ministry has already issued show cause notices to around 58 captive coal block allottees and about 20-24 of them also feature in the CAG list that is being targeted by the ministry for first round of cancellations.
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53 coal blocks face axe for delay; many held by biggies
New Delhi: The government is looking at cancelling 53 captive coal block allocations that have come under the coal ministry’s scanner for the failure of allottees to meet timelines for starting production,
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Balancing act for India in overhaul of archaic land law
Among major projects stalled awaiting new legislation are Posco, ArcelorMittal, Tata Steel and Coal India More than a century after it was drawn up by British colonial rulers, India's land acquisition law is finally set for a revamp that promises to breathe life into scores of frozen industrial and infrastructure projects and help lift the sagging economy.
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Steel projects to go under scanner soon
Land acquisition delay holding up mega projects, admits minister Projects proposed by steel players who have signed MoUs (memorandum of understanding) with the Odisha government are set to go under the scanner soon. The state steel & mines department intends to conduct a comprehensive review of such projects after the end of the state assembly's monsoon session, which is scheduled to be held from August 28 to September 7.
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States blocked coal auction plan: Centre
New Delhi As many as 50 of the 57 captive coal blocks allocated to private firms, which are at the centre of a row over a damning CAG report, haven’t yet got various other statutory clearances. Coal minister