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Coal block auction policy cleared

The Union Coal Minister Sriprakash Jaiswal has said on September 24 that the government has approved auctioning coal blocks for private steel, cement and power firms. For the first time, the policy will pave way for allotment of coal mines through competitive bidding. The Cabinet Committee on Economic Affairs has approved the policy, he added.

CIL to raise efficiency by installing GPS system

By March 2014, Coal India (CIL) plans to install GPS based system for tracking transportation of coal and thereby improve efficiency at its major mines. The system is intended to prevent theft of coal and increase productivity. The state-run miner is learnt to have issued tenders for installing the tracking system across all major mines under afte

Coal India awards drilling contract for Mozambique asset

An unknown company was reportedly awarded a contract for drilling a further 30,000 metre in the Mozambique mines belonging to Coal India (CIL). In order to assess reserves of its mines in Mozambique, the state-run miner wanted to drill the area further and for this purpose it invited bids from reputed companies in February

CCEA to take final call on price pooling

Coal Minister Sriprakash Jaiswal informed reporters that his ministry submitted a note on the mechanism for coal price pooling to the Cabinet Committee on Economic Affairs (CCEA), which would take a final call in its next meeting. Under the proposed new pass-through mechanism, entire additional cost of imports would be passed on to the consumers against averaging of prices of imported and domestic coal under the earlier price-pooling mech

CCEA may clear fuel pass through mechanism

In order to enable power plants to pass on the rise in the cost of imported fuel to end consumers, the Cabinet Committee on Economic Affairs (CCEA) may clear the fuel pass through mechanism. Such a move may encourage power producers to use the full capacity of their power plants by importing fuel instead of running the plant at suboptimal capacity beca

Renovation work on NH-25 in Kanpur to begin soon

In Kanpur, renovation of the National Highway 25 between Rama Devi to Jajmau will take place soon. Decisions were taken by the committee concerned to resolve the problems in the renovation work and officials of construction company and National Highway Authority, both, had expressed their satisfaction.

CIL may exceed output target in FY14

A leading media quoted Coal Minister Sriprakash Jaiswal as saying that the state-run miner Coal India (CIL) may exceed the output target of 482 million tonne (mn t) in 2013-14. In 2012-13, it produced 452 mn t of the fuel. If it exceeds the target, the output of the firm would be at a five-year high, reports suggest. In 2013-14, CIL's output growth would be more than 6.7 per cent. The

Proposed coal regulator may have only adjudicating power

The Group of Ministers (GoM) on setting up of the proposed coal regulator decided that the regulatory body would be empowered to resolve disputes including disputes arising out of fuel supply agreements (FSAs). However, the group decided not to give the power of fixing coal price to the proposed regulator. This was decided at a recent meeting of

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