Narendra Modi launches auction process for 41 coal blocks for commercial mining
4 years, 6 months ago

Narendra Modi launches auction process for 41 coal blocks for commercial mining

The Hindu  

Prime Minister Narendra Modi on Thursday launched the auction of 41 coal blocks for commercial mining through video-conference. Mr. Modi said the launch marked not only the implementation of reforms to the coal mining sector but also the beginning of creation of lakhs of jobs. The Prime Minister said that reforms and investment in the coal sector would also help to ease the lives of tribals. Mr. Modi said it was an irony that India having the world’s fourth largest coal reserve and being the second largest producer was the second largest coal importer.

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History of this topic

Govt Offers 67 Blocks in Second Tranche of Commercial Coal Mine Auction
3 years, 9 months ago

Govt Offers 67 Blocks in Second Tranche of Commercial Coal Mine Auction

News 18  

The government on Thursday offered 67 coal mines for sale, launching the second tranche of commercial coal mining auction and termed it a step towards 'Aatmanirbhar Bharat'. "India launched its 2nd tranche of auction for commercial coal mining, offering 67 mines for sale of coal, today. He also said that along with promoting commercial coal mining, the government is also …

Govt Shouldn't Hoard Mines, Only Few Blocks Put up for Auction: Naveen Jindal Slams 'Artificial Scarcity'
4 years, 1 month ago

Govt Shouldn't Hoard Mines, Only Few Blocks Put up for Auction: Naveen Jindal Slams 'Artificial Scarcity'

News 18  

Jindal Steel and Power Ltd Chairman Naveen Jindal on Wednesday said the Union government should not "hoard" mines and create artificial scarcity, putting up only a few blocks for auction. "Government has taken care of a lot of challenges, and commercial mining was a bold move… It should help the sector… But, the government cannot hoard blocks and create artificial …

Real estate, pharma firms among winners of India’s coal mine auctions
4 years, 2 months ago

Real estate, pharma firms among winners of India’s coal mine auctions

Live Mint  

Real estate, infrastructure and pharmaceutical companies were among the winners of India's first coal mine auctions open to the private sector without restrictions on end-use, the government said on Monday. Coal production in India has largely been restricted to state-run Coal India Ltd and another smaller government-controlled company, but Prime Minister Narendra Modi opened up the industry to the private …

PM Modi launches auction of 41 coal mines for commercial mining
4 years, 6 months ago

PM Modi launches auction of 41 coal mines for commercial mining

Op India  

On Tuesday, Prime Minister Narendra Modi addressed the nation on the event to launch the auction of 41 Coal mines for commercial mining. To make India self-reliant in the energy sector, a major step is being taken today.” He added, “We are not just launching the auction for commercial coal-mining today, but bringing the coal sector out of decades of …

Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale
4 years, 7 months ago

Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale

Firstpost  

The government last week approved a methodology for commercial mining of coal on revenue sharing basis. New Delhi: The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under the hammer. An official on the condition of anonymity said the “government will come out …

Nirmala Sitharaman Press Conference LIVE Updates: Govt to Open All Public Sectors to Pvt Players, Announces FM
4 years, 7 months ago

Nirmala Sitharaman Press Conference LIVE Updates: Govt to Open All Public Sectors to Pvt Players, Announces FM

News 18  

Nirmala Sitharaman Press Conference LIVE Updates: Finance Minister Nirmala Sitharaman is outlining the final tranche of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi to jumpstart the economy in the face of coronavirus. In her fourth address yesterday, Sitharaman announced “structural reforms” in the sectors of coal, minerals defence production, airspace management, MROs power distribution …

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill
5 years, 3 months ago

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill

Firstpost  

Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago. New Delhi: The government plans to invite bids from global firms for the first time for coal mining blocks before end-2019, sources familiar with the matter said, a move that would end Coal India Ltd’s near-monopoly for …

Norms eased to sell coal blocks
6 years, 1 month ago

Norms eased to sell coal blocks

Deccan Chronicle  

New Delhi: Having failed to attract any bidders in the last three years for coal blocks, the NDA government — keen to attract greater participation from the private sector — has now tweaked the process wherein the time period for seeking clearances by allottees and commencing operations in the blocks has been increased to 66 months from 44. This relaxation …

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