SC upholds NTPC's decision to reject Montecarlo coal mine bid
The Supreme Court has upheld a Delhi High Court verdict validating state-run NTPC Ltd's decision to reject techno-commercial bid of private firm Montecarlo for development and operation of Dulanga coal mining project. "Technical evaluation or comparison by the court would be impermissible.
Mandakini may surrender its coal block:Nomura
Mandakini Exploration and Mining, may be one of those regretting their exorbitant bids at the recently concluded coal auctions and is ontemplating surrendering the Mandakini coal block owing to its economic unviability. More companies could follow suit, analysts said.
Auction coal from Chhattisgarh mines, let JPL bid: HC to CIL
A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva of the Delhi High Court has directed CIL to conduct fresh e-auctions for the coal it was mining from Gare Palma IV/2 and IV/3 mines in Chhattisgarh, and has allowed Jindal Power Ltd (JPL) to participate.
No cartelisation in coal auction bids
A bid evaluation report by the coal ministry has reportedly found no conclusive proof indicating any collusive bidding, nor any complaint received about the e-auction platform obstructing bidders from submission of coal auction bids, a report said.
Govt withdraws Jamkhani mine from coal block auction
The Central government has withdrawn the Jamkhani mine in Orissa from the second round of the coal mine auctions. This was disclosed before the Delhi High Court by Additional Solicitor General Sanjay Jain.
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