Commercial mining: Auction of coal blocks may generate Rs 20,000 cr revenue per year
"The total revenue for one year is expected to be around Rs 20,000 crore and capital investment is around Rs 33,000 crore," the official said
"The total revenue for one year is expected to be around Rs 20,000 crore and capital investment is around Rs 33,000 crore," the official said
Vedanta Resources, the parent, has mobilised USD 3.15 billion for the delisting exercise, resulting in total debt of the group swelling to over Rs 1,25,000 crore
The highest number of bids (seven) were submitted by Adani Enterprises; followed by Hindalco Industries and JMS Mining (five each)
The company wanted to procure coal from JSW International Trade Corp, a Singapore-based trading company that routes coal imports for JSW Group companies from Indonesia, South Africa, Australia and Mozambique
Jindal says Turkey, Brazil can meet key needs; some pain likely in short run but cost should neutralise in 3-6 mths
In a statement, apex steel industry body Indian Steel Association (ISA) said it hails the decision of the Cabinet to amend MMDR Act 1957 and Coal Mines (Special Provisions) Act 2015
The release of 11.88 crore of JSW Energy shares accounts for 7.24 per cent of paid-up capital of the company.
Under the insolvency proceedings, JSW Steel has emerged as the winning bidder for Bhushan Power & Steel.
Earlier, operators were tied to the plant specified during the auction
The coal ministry, which is conducting road shows in various cities, has prepared a list of prospective bidders for its 8th, 9th and 10th Tranches of auction.
NCLT has approved JSW Steel's Rs 19,700 cr resolution plan for debt-ridden Bhushan Power & Steel Ltd