SAIL signs MoU with MDI, Gurgaon for Executive Education Program (See 'Corp Brief') Govt hosts Bharat Innovates Investor Showcase; 24 deep-tech start-ups participate (See 'Corp Brief') SARFAESI - Pre-deposit u/s 18 of SARFAESI Act cannot be completely waived for entertaining appeal before DRAT: HC (See 'Legal Desk') SEBI, NISM & IICA sign MoU to advance corporate covernance, ESG (See 'Corp Brief') BRICS Youth Council Entrepreneurship Working Group concludes discussions on innovation & sustainable enterprise (See 'Corp Brief') Misc - Embargo under RBI Master Circular dated July 1, 2015 cannot be mechanically continued for five years after removal of borrower's name from list of wilful defaulters if account was settled by compromise: HC (See 'Legal Desk') Women participation under APY reaches record 55.14% during FY 2025-26 (See 'Corp Brief') National Review Meeting for Swachh Bharat Mission-Urban 2.0 to be held in New Delhi (See 'Corp Brief') Gadkari reviews progress and Quality of NH Projects in Assam (See 'Corp Brief') CCI approves acquisition of equity in Neysa Networks by BCP Asia II Topco V Pte. (See 'Corp Brief') IPR - If patent claim is only to device embodied in chip, royalty or damages cannot be assessed on basis of entire end product: HC (See 'Legal Desk') CCI okays acquisition of stake of Restaurant Brands Asia by Lenexis Foodworks (See 'Corp Brief') CCI nod for acquisition of Baharampore-Farakka Highways Toll Roads by Cube Highways Trust (See 'Corp Brief') India, South Korea sign agreements for cooperation in Defence Cyber (See 'Corp Brief') Scindia launches Mission on 'Arunachal Kiwi: The USP of Arunachal Pradesh' (See 'Corp Brief') A&C - Invocation of arbitration u/s 21 is not consent to appointment, and that subsequent participation in proceedings does not by itself constitute express written waiver: HC (See 'Legal Desk') DFS organises Half-Day Workshop on IBC Amendment Act, 2026 (See 'Corp Brief') National Seminar on 'New Age Fibres – Innovation, Research and the Road Ahead' inaugurated (See 'Corp Brief') National Commission for Minorities organizes Conference of State Minorities Commissions (See 'Corp Brief') IPR - Sec 17 of Trade Marks Act does not prevent protection of prominent part of composite mark where that part is distinctive: HC (See 'Legal Desk') MoS launches Ayush Anudan Portal under Ayush Grid Initiative (See 'Corp Brief') Coal Production commences from Urtan and Dhirauli Mines in MP (See 'Corp Brief') Govt's TEAM Initiative empowering Small Businesses through Digital Commerce Enablement (See 'Corp Brief') PMLA - Provisional attachment not invalidated due to lack of competency of officer; amended provisions do not apply to transactions prior to 2016 amendment if property continues to be held: SAFEMA (See 'Legal Desk') MoRD charts roadmap for Women-Led Rural Marketing Ecosystems (See 'Corp Brief') Pharmacopoeia Commission organizes 5-Day Capacity Building Training (See 'Corp Brief') Saurabh Vijay assumes charge as CEO of Unique Identification Authority of India (See 'Corp Brief') Companies Act - Appellant company directed to change its name where it significantly resembles the name of a pre-existing company and may cause confusion: HC (See 'Legal Desk') Minister reviews technology-led underground mining, integrated smelting operations (See 'Corp Brief') Scientific Steering Committee Meeting on National One Health Mission Held in New Delhi (See 'Corp Brief') Govt launches campaign to reduce edible oil consumption (See 'Corp Brief') PMLA - Provisional attachment unsustainable when Initiating Officer fails to establish source of consideration & beneficial ownership as per Section 2(9)(A): SAFEMA (See 'Legal Desk') HM inaugurates 'Million Minds Tech Park' and 'GREMI City Campus' in Ahmedabad (See 'Corp Brief') Amit Shah inaugurates State-of-the-Art Milk Processing Plant of Madhur Dairy (See 'Corp Brief') Experts Discuss Yoga for Youth and Mental Wellness in Digital Era (See 'Corp Brief') Misc - RBI circular dated June 07, 2019 on 'Prudential Framework for Resolution of Stressed Assets' was policy decision taken by expert body in larger public interest: HC (See 'Legal Desk') GeM continues to support Digital Public Procurement System (See 'Corp Brief') Ministry of Education reviews strategy for mainstreaming Out-of-School children (See 'Corp Brief') Misc - NBFC cannot reposses financed vehicle through coercive means, without adherence to due process of law and in violation of RBI recovery guidelines: HC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf')

Print

Coal Ministry inks agreement with bidders of eight coal mines

Published: Sep 23, 2021

By TIOLCorplaws News Service

NEW DELHI, SEPT 23, 2021: TODAY, Ministry of Coal executed agreements with the eight successful bidders pursuant to the auction of second tranche of coal mines for commercial mining (Tranche 12 under CMSP Act and Tranche 2 under MMDR Act). While addressing the successful bidders, Union Minister of Coal, Mines and Parliamentary Affairs, Mr Pralhad Joshi congratulated them for their successful participation in the auction process. The Minister stressed that the Government of India and the Ministry of Coal are on a continuous journey to reform the coal sector and unlock values for the nation's economy. The success of these auctions will help in further strengthening the vision of an Aatmanirbhar Bharat as it willhelp reduce India's coal imports, the Minister added. Eight coal mines have been successfully auctioned with the winning percentage of revenue share ranging from 6% to 75.5% with an average % revenue share of 30%.The electronic auction of these mines was conducted in the first week of August this year. SBI Capital Markets Limited, sole Transaction Advisor to Ministry of Coal for the Commercial coal mine auction, had devised the methodology and assisted Ministry in conduct of the auction. The mines for which these Coal Mine/ Block Production and Development Agreements were executed are Bhaskarpara, Burakhap Small Patch, Gondkhari, Jogeshwar& KhasJogeshwar, Rauta Closed Mine, Bhivkund, Jhigador and Khargaon. The Successful Bidders include Sunflag Iron & Steel Company Limited, South West Pinnacle Exploration Limited, Prakash Industries Limited, CG Natural Resources Private Limited, Adani Power Maharashtra Limited and Shreesatya Mines Pvt Ltd.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.