June 16, 2015 03:23 IST
Stringent penal provisions have been incorporated in the fresh Act under which the states have been empowered to set up special courts for speedy trial of unlawful mining cases.
Tue, Jun 16, 2015June 15, 2015 01:57 IST
Auction stops when bids are received for the auction quantity offered.
Mon, Jun 15, 2015June 10, 2015 02:36 IST
It is learnt that Posco and SAIL are working out to jointly set up a steel project through SPVs in addition to the South Korean firm’s proposed Rs 52,000 crore plant at Jagatsinghpur in Odisha.
Wed, Jun 10, 2015June 03, 2015 02:47 IST
The steel ministry is exploring mergers of some of its units so that the companies can have adequate financial wherewithal to upgrade their operational ability.
Wed, Jun 03, 2015June 03, 2015 02:12 IST
The finance minister had hiked import duty on certain steel products and also kept peak custom duty hike to 15 per cent as an enabling provision for the future in the Budget 2015-16.
Wed, Jun 03, 2015May 28, 2015 02:34 IST
The raw material insecurity for end use steel plants would end within six months as the auction of prospecting and mining leases for 199 mines is likely to be commenced soon by the states.
Thu, May 28, 2015May 28, 2015 02:26 IST
Between taking charge of mines ministry and announcing the government’s decision to auction iron ore mines, the Odisha government could have processed Posco’s mining concession proposal, but it did not happen.
Thu, May 28, 2015May 23, 2015 02:56 IST
Without requisite clearances, states feel they will fail to attract desired bids.
Sat, May 23, 2015May 21, 2015 02:58 IST
15-member committee suggests mechanism is suitable.
Thu, May 21, 2015May 20, 2015 01:45 IST
After being in oblivion for some time, IISCO’s steel plant in Burnpur (West Bengal) saw the light of day after 10,000 people — engineers, workmen and about 100 foreign experts — laboured for the past five months. The plant holds significance because the Indian Iron and Steel Company’s (IISCO) plant at Burnpur is one of […]
Wed, May 20, 2015May 17, 2015 00:00 IST
Those sellers failing to conform to BIS standards risk being raided and searched by the appropriate authority.
Sun, May 17, 2015May 11, 2015 00:00 IST
Asserting that Prime Minister and Chief Ministers would act as a team which would take India forward, he said, "Delhi alone will not rule India.
Mon, May 11, 2015May 10, 2015 03:18 IST
According to the coal ministry, CIL loses over Rs 100 crore each year and concerned state governments sustain over Rs 25 crore each year due to illegal quarrying coal and its pilferage.
Sun, May 10, 2015May 06, 2015 02:46 IST
CIL, with cash reserves worth Rs 60,000 crore, is eager to buy wagons to help transport nearly 48 MT coal lying at the pitheads of various mines to help ferry fuel to the 50 TPPs.
Wed, May 06, 2015May 06, 2015 02:01 IST
The mines together have 50-60 mn tonnes of reserves.
Wed, May 06, 2015April 23, 2015 02:50 IST
Panel seeks comments on deduction of BGs from allocattees today.
Thu, Apr 23, 2015April 15, 2015 01:22 IST
In the first two tranches of the auction of 29 coal blocks bids, the government has garnered proceeds of Rs 2.09 lakh crore.
Wed, Apr 15, 2015April 09, 2015 01:30 IST
The JV has already secured forest clearance for 315.81 hectares of land in November last year for operating the mine.
Thu, Apr 09, 2015April 08, 2015 04:47 IST
Can now set aside 10% of production for e-bids.
Wed, Apr 08, 2015April 04, 2015 03:01 IST
SteelMin had pressed for raising import duty to protect domestic industry
Sat, Apr 04, 2015April 01, 2015 04:03 IST
No proof of collusive bidding, says Coal Ministry arm.
Wed, Apr 01, 2015March 20, 2015 01:45 IST
They are currently handed out in the form of Letters of Assurances to the companies though the coal ministry.
Fri, Mar 20, 2015March 18, 2015 02:50 IST
The five mines which were part of the 13 Schedule-III blocks were auctioned in the second tranche.
Wed, Mar 18, 2015March 17, 2015 01:37 IST
The fate of five mines won by firms like Hindalco, Jindal Power and Usha Martin has been uncertain.
Tue, Mar 17, 2015March 10, 2015 01:13 IST
E-auction of 32 blocks has yielded potential revenues, royalties, upfront payments of Rs2.07L cr: Coal Minister.
Tue, Mar 10, 2015