Looking to buy 2-3 properties overseas by year-end, state-owned NMDC is likely to put a bid for acquiring 100 per cent stake in Russia’s Vincy Coal in two or three days. Bid for Vincy Coal, which ...
ArcelorMittal has pulled out of its joint US $5 billion bid with Peabody Energy for Australia’s Macarthur Coal, days after the target’s top shareholder accepted the offer and left the steelmaker with a higher-than-expected cost.
In a ...
Peabody Energy and ArcelorMittal have acquired a controlling stake in Australia’s Macarthur Coal– world’s biggest pulverised coal producer, which has been their bidding target since July.In a joint statement released today, both the companies said they ...
Is it coal shortage or planning failure which led the nation to such a severe power shortage? As in practice, the blame game started to pour in from different quarters of authority. But how long do ...
Coal India Ltd (CIL) has asked the government to scale down its production target for the 2011-12 financial year to 448 million tonnes (MT) from 452 MT at present, fearing it will not be able to ...
In order to ease the power crisis caused due to the shortage of coal, the coal ministry on Monday said it has asked the power ministry for the dispatch of NTPC’s more than one million tonnes ...
Workers at Coal India Ltd (CIL), the world’s biggest producer of the fuel, may go on strike for three days, demanding an increase of as much as 57 per cent in bonus payments, a union official ...
The Coal Ministry has said it would make efforts to supply more coal through electronic auction route to power producer NTPC, whose generation had been hit due to acute shortage of the dry fuel. “We will ...
The Union Power Ministry today assured Maharashtra that it will be provided with additional 700 mw of power, to help the state tide over the current power crisis. Maharashtra Deputy Chief Minister and Power Minister Ajit ...
The government today asked coal companies, including major producer Coal India (CIL), to step up supply to power stations facing shortage of the dry fuel to ensure that the power generation remains uninterrupted.
The development follows an ...
