We have outstanding loan sanctions of Rs.1.65 lakh crore
Due to cancellation of coal blocks, there are a total of 16 projects with an exposure of Rs 36,237 crore which were affected. Out of these 16 projects, 12 projects belonged to the government sector with an exposure of roughly Rs 32,000 crore.
Coal India board ratifies Rs.11,000 crore thermal power foray
The Coal India board has ratified the first 1,600 MW (800 MW x 2) pithead thermal power project by its subsidiary Mahanadi Coalfields at a capital expenditure of Rs 11,000 crore for the foray into electricity generation by the world´s biggest coal producer.
MCLs 1600 MW thermal power project to seek nod
Coal India´s subsidiary Mahanadi Coalfields first 1600 MW pithead thermal power project is expected to be ratified at the next board meeting. Once it is cleared, it will reach the Coal India board for approval. Located in the Sundergarh district of Odisha, it is the maiden pithead thermal power project of CIL involving an investment of around Rs 10,000 crore.
The missing link
Turning around the coal sector in India is among the top priorities of the new government. Though the sector suffers from many anomalies, the health of the industry can be encapsulated by a single statistic
Power 20:20 | Adani Power Ltd
The power business of Adani Group has witnessed several achievements as well as challenges since its inception and yet the journey continues on the chosen path. The recent times have been very eventful. Many lessons have been learnt, initiatives taken and benchmarks established.
NTPC-Kaniha faces severe coal shortage
NTPC-Kaniha with 3000 MW capacity is the second largest power plant in India. This plant is located in Angul district of Odisha state. The power plant is facing severe coal shortage. As per norms prescribed by the Central Electricity Authority, the plant should have coal stock for at least one week
Gas prices should be market linked
The intention of the government is focused towards long term benefit and growth. Hence the proposed increase of natural gas prices should augur well for the country in the long run, says TK Ananth Kumar, Former Director (Finance) Oil India Ltd.
MoEF clears expansion of Odisha coal mine project
The Union Ministry of Environment and Forests has accorded environmental clearance (with some conditions) to the expansion of the Bhubaneshwari opencast project in Odisha. This project belongs to Mahanadi Coalfield Ltd, a subsidiary of Coal India Ltd. The clearance has been given for the expansion from 20 MTPA (Million Tonnes Per Annum) to 25 MTPA of Mahanadi Coalfields subject to compliance with terms and conditions. The second Expert Appraisal Committee meeting which was held in October last y
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