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A bunch of captive coal blocks have also been allocated to stateowned power utilities. Like the state mining companies, these too lack the mining knowhow and, sometimes, even the financial wherewithal, and so they subcontract the mining of coal from their blocks to MDOs mine developers and operators.
May 25, 2020· New Delhi: Seeking to lift the long shadow cast by the cancellation of 204 coal blocks by the Supreme Court in August 2014, the Government of India recently announced its intent to permit commercial coal mining in India. Coal mining has remained a government monopoly since 1973. Baby steps were taken in 2015 to open the sector with a few coal mines being auctioned to captive endusers.
WHEN THE SUPREME COURT, in a landmark decision in September 2014, cancelled nearly all existing permissions for the captive mining of coal blocks, it was seen as having halted the "Coalgate" scam. Stateowned enterprises and private companies across the country were compelled to dissolve partnerships that most often favoured the corporate purse over the public good.
Jul 27, 2020· Commercial mining regime with no demarcation of captive and noncaptive will promote competitiveness of the mineral block auctions, further enhancing the transparency of the system. Joint auction of bauxite and coal will improve the efficacy of the aluminium industry, a strategic sector with use in infra, power, aerospace and defence.
May 21, 2020· New Delhi: India will soon begin auction of coal blocks for commercial mining purpose as the Union cabinet led by Prime Minsiter Narendra Modi on Wednesday approved the methodology which puts an end to the monopoly of staterun Coal India. "The auction methodology based on revenuesharing model has been approved by the Cabinet," sources said adding the formal announcement is .
This comes after a decision that the Modi government took in February 2018 that would allow auctions of coalbearing blocks to private parties for commercial mining.
The Coal Ministry has invited tenders for 18 coal blocks for captive mining by ''nonpower'' companies with six blocks exclusively reserved for the iron and steel industry, while cement, captive ...
blocks, with geological reserves of about billion tonnes, were earmarked for the power sector. Currently, the allocation coal mining blocks to companies, other than Coal India Ltd (CIL), is done either under the government company dispensation route4 or through the captive dispensation route. These blocks for power sector, have been further
Oct 26, 2018· Giving the breakup of blocks, the source said that of the 19 blocks, 13 mines would be auctioned in the sixth tranche for the regulated sectors, including iron and steel, cement aluminium, captive power plants. While in the seventh tranche, six coking coal blocks would be auctioned for iron and steel sector. "Obviously there is a demand for coal.
May 16, 2020· About 500 minerals mining blocks will also be offered as part of the package. The government also plans to remove the distinction between captive and noncaptive mines.
Jun 22, 2020· Captive mining of small blocks, a decontrol move that was initiated in 1993 and continued right up to the coal scam, has been an inefficient process. ... leading to power .
Aug 03, 2020· However, the sector witnessed a major overhaul after the Supreme Court of India, in 2014, quashed allocation of 214 coal blocks cancelling nearly all existing permissions for the captive mining of coal blocks. The verdict set the ground for fresh legislation and reform in the coal industry. 2
May 17, 2020· A total of 500 mining blocks will be offered through an open and transparent auction process, with nearly 50 blocks to be offered immediately. .
Jan 09, 2020· Captive coal blocks produced only million tonne (MT) in FY19, much lower than the peak output of MT in FY15 when the Supreme Court had .
Jun 18, 2020· PM launches Auction process of Coal blocks for Commercial mining India has taken a major decision to fully open the coal and mining sectors for competition, capital, participation and technology : PM Coal sector reforms will make eastern and central India, our tribal belt in, pillars of development: PM Selfreliance is not possible without a strong mining and mineral sector: PM
Jul 27, 2020· The decision to open the coal sector for commercial mining, implementation of National Coal Index and commencement of the auction process of commercial coal blocks can transform the mining sector. This can help the country save around Rs 80,000 crores per year on account of coal import by augmenting production in the country.
Aug 10, 2020· As India liberalised its economy in the 1990s, the government amended the law and allowed private companies in the power, steel, cement, aluminium sectors to mine coal for captive use – .
Jun 30, 2020· Captive coal blocks Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ... PM Modi to launch auction of commercial mining on Thursday; 41 coal blocks to be put on sale 17 Jun, 2020, PM IST ... captive power plants, fertilizes and steel, persuading them to replace their imported coal with domestic coal.
Chhattisgarh State Power Generation Company Limited (CSPGCL) is proposing Paturia Gidhmuri coal blocks by opencast mining with capacity of MTPA at Hasdeo Arand Coalfield, Korba District, Chhattisgarh to meet requirement for the thermal power plant of capacity of 2 X 660 MW at Bhaiyathan in Chhattisgarh State.
Sep 23, 2016· Let''s try to understand this with NTPC context. NTPC use coal for its thermal power projects to produce electricity. NTPC has contracts with many companies like Coal India which produces coal and sell it to NTPC and takes huge money in return. Now...
Jun 19, 2020· The coal blocks that are getting auctioned today will provide lakhs of jobs in these areas," he said. ALSO READ: PSU stocks in focus; ITI surges 20%, BHEL gains 15%, Coal India up 8%. Along with commercial mining, the Centre is also planning to .
Lignite blocks allocated Detailed List of 148 coal blocks initially identified ; Deposition of cost of Geological Report by the block allottees (dated 27/08/2009) Allocation of Moira Madhujore North South Coal Block in state of West Bengal for Captive Mining of Coal .
Oct 25, 2018· The coal ministry has invited tenders seeking bids for 18 captive coal blocks to nonpower plants in Jharkhand, Madhya Pradesh, Marashtra, West Bengal, Odisha and Chhattisgarh. "The successful bidder shall utilise a minimum of 75% of the actual production in the specified end use plants and is allowed to sell up to 25% of the actual ...
May 16, 2020· The distinction between captive and noncaptive mines. "Companies will be allowed to transfer the mining lease and sell unused minerals," the Minister added. "Hindalco shares are trading at ...
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