The government is planning to incorporate a provision in the proposal for auction of coal blocks, under which preference would be given to companies, which were willing to set up end-use industries in the State in which they would mine coal. For full story, click here
Vedanta Resources Chairman Anil Agarwal on Sunday declared that it will bid for the Ultra Mega Power Projects and coal blocks as and when the government puts them on auction and added it has plans of Rs 70,000 crore till 2011-12. For full story, click here
The coal ministry is considering a proposal to opt for a lump sum payment route for auctioning coal blocks to private companies, instead of production- and profit-share system being followed in case of handing out oil or gas concession acreages. For full story, click here
The largest coal mining company of the country, Coal India Ltd (CIL), has more coal to offer through e-auctions than the actual demand, according to a company official. For full story, click here
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