Expert panel to work on replacing multiple permissions.
To be auctioned in plug-and-play mode; clean energy cess on coal to be hiked.
To promote coal-fired power generation, the finance minister may also abolish the 2.5 per cent customs duty on coal imports imposed in the last budget.
For SAIL, sales realisation which stood at Rs 942 crore in December 2014 decreased by 13 per cent against Rs 1,081 crore recorded in the same month in 2013.
SAIL’s board had in December approved setting up of a SPV — Chhattisgarh Mega Steel Limited and the state-run steel maker and NMDC will ink an MoU for executing the project.
The CAG had computed the figure of Rs 295 per metric tonne as additional levy.
Move to help govt mobilise revenue of around Rs21K crore.
Arun Jaitley will soon chair a meeting to explore the possibility of lowering the export duty on iron ore fines.
Coal ministry has issued an addendum saying firms bidding for coal blocks will have to pay the IPO during the technical bid process.
Targets 13 million tonne coal production within 3 years/
Adding trouble for the sector, a lot of manufacturing has moved to Vietnam due to a predictable regulatory environment and better incentives.
Another trade union leader said protests planned on Friday may lead to loss of output as “agitated workers are likely to rally against the stake sale
The lenders can serve a substitution notice to the coal ministry and name a company as the substitute.
The move is crucial to take states like Orissa on board for ensuring smooth passage of the ordinance in Parliament.
A top coal ministry official cited that the steel companies imported 21 MT till October in this fiscal against 37 MT in FY14 and 35 MT in FY13.
Venture likely to produce 3 million tonnes of steel per annum.
Seeks land near Bandar Abbas port; captive access to raw material.
Holders of mining leases or prospecting-cum-mining leases would pay to the NMET a sum equivalent to 2 per cent of the royalty they pay to the Centre.
Bidders would be compelled to bid aggressively to qualify for the financial stage.
September 25, the apex court cancelled allocation of 204 blocks, paving way for the government to auction 101 of these mines.
Coal and power minister Piyush Goyal launched the e-auction portal in New Delhi.
Cabinet nod, guidelines approved, bidding process for 24 blocks begins today.
Both NMDC and the steel ministry have been traditionally opposed to iron ore exports.
The public enterprises selection board (PESB) had selected Bhattacharya a month ago for the job.
Narendra Singh Tomar has told the company that its performance would be judged vis-a-vis its achievements and this target should be incorporated in the MoU.