TIOLCorplaws- Tiol Corplaws

Naidu flags off Tiranga Rally under Har Ghar Tiranga Campaign 2026 (See 'Corp Brief')

IBC - EPC contract cannot be said to be frustrated by efflux of time merely because works have been suspended due to non-payment: SC (See 'Legal Desk')

Capital Market - Trading while in possession of Unpublished Price Sensitive Information automatically triggers insider trading liability: SC (See 'Legal Desk')

States recognised for Strong Performance in Anemia Mukt Bharat Abhiyaan (See 'Corp Brief')

Misc - Winding-up proceeding and civil suit for recovery of money are distinct and independent remedies, and initiation of one does not impact limitation for other: SC (See 'Legal Desk')

Patents - Invoking common general knowledge as basis for rejecting patent application without identifying & substantiating source of such knowledge is impermissible in a quasi-judicial order u/s 15 of the Act: HC (See 'Legal Desk')

Gaj Gaurav Awards 2026 conferred for Exemplary Contributions to Elephant Conservation (See 'Corp Brief')

IPR - In infringement action u/s 29(2)(b) of Trade Marks Act, where marks are similar but not identical, burden lies strictly on plaintiff to establish that similarity is likely to cause confusion: HC (See 'Legal Desk')

Competition - Business model of online food delivery inherently differs from direct restaurant sales - price differential between two does not per se establish abusive conduct per the Competition Act: CCI (See 'Legal Desk')

Partnership to Enable Voice-First, Multilingual AI for Citizen-Centric Governance (See 'Corp Brief')

Union Minister of Textiles inaugurates IIHT SUTRA 2026 (See 'Corp Brief')

CPC - Injunction granted in respect of certain clothing brands which their owner explicitly admitted to being deceptively similar to existing brands & where defendent attempts to skirt its contractual obligations with the plaintiff by making microscopic variations in its brand: HC (See 'Legal Desk')

Over 50,000 saplings planted Across 31 States on Hariyali Amavasya (See 'Corp Brief')

FEMA - Appellants contravened provisions by failing to realise & repatriate export proceeds within prescribed period - penalties on directors upheld: SAFEMA (See 'Legal Desk')

India reaffirms Commitment to Elephant Conservation on World Elephant Day 2026 (See 'Corp Brief')

Competition Act - High win rate by itself, unsupported by evidence of coordinated bidding, bid rotation, or anti-competitive agreements, does not establish bid rigging u/s 3(3)(d) of the Act: CCI (See 'Legal Desk')

Ministry of Textiles to Celebrate Women Weavers Through 'Srijan: Voices from the Loom' (See 'Corp Brief')

IBC - It is impermissible for NCLT to examine merits of dispute while considering application for CIRP u/s 9 by operational creditor: SC (See 'Legal Desk')

Bharat Pashudhan and NFDP expand Digital Access, Services and Support for Farmers (See 'Corp Brief')

Companies Act - It cannot be expected that registering authority would, in every case, independently identify whether every newly registered company name is identical with or similar to existing company name: HC (See 'Legal Desk')

PDUNASS inaugurates Joint EPFO-ITC-ILO Training Programme (See 'Corp Brief')

Patents - Claims must be construed as a whole without dissection - product claims are exempt - Section 3(m) objections remain independent of novelty, inventive step & Section 3(k) computer-related evaluations: HC (See 'Legal Desk')

IBC - Subsequent efforts to sell mortgaged property does not amount to waiver of financial creditors rights: NCLAT (See 'Legal Desk')

Prevention and Healthy Lifestyles must Go Hand in Hand with Disease Treatment : Jadhav (See 'Corp Brief')

Ministry of Textiles to organise IIHT SUTRA 2026 (See 'Corp Brief')

A&C - Award is patently illegal and liable to be set aside if it ignores vital evidence, applies circular logic, or blocks party from presenting its case: HC (See 'Legal Desk')

In a first, 'Vande Mataram' to be sung from ramparts of historic Red Fort (See 'Corp Brief')

National Handloom Designers' Conclave showcases Design-Led Innovation (See 'Corp Brief')

PBPT - Routing of funds through company to appellant squarely attracts Section 2(9)(A) of the Act as property stood in name of benamidar while consideration emanated from beneficial owner: SAFEMA Tribunal (See 'Legal Desk')

PM-YASASVI Scheme implementation in Maharashtra reviewed Regularly: Govt (See 'Corp Brief')

MoS calls for greater Private Sector Participation in Biotechnology Ecosystem (See 'Corp Brief')

IBC - Right of Personal Guarantor to invoke insolvency provisions of Sec 94 of IBC is statutory right that cannot be extinguished merely because Financial Creditor has initiated recovery proceedings under SARFAESI: NCLT (See 'Legal Desk')

Empowering Nari Shakti: 1 crore houses allotted to women (See 'Corp Brief')

MoS dedicates to nation first-of-its-kind 'Eco-Educational Hub' (See 'Corp Brief')

NI Act - Moratorium protects corporate debtor in respect of insolvency proceedings, but does not grant immunity to natural persons from criminal liability already incurred on account of cheque dishonour: HC (See 'Legal Desk')

XI BRICS Culture Ministers' meeting concludes in Bhopal (See 'Corp Brief')

A&C - If prima facie arbitration agreement exists and non-signatories have shown conduct aligning with contract, referral court should allow arbitrator to finalize list of parties based on detailed evidence: HC (See 'Legal Desk')

Railways approves introduction of Daily Itarsi-Madan Mahal Passenger Service (See 'Corp Brief')

A&C - Arbitral award is patently illegal if it is rendered in summary manner without allowing parties to lead evidence or be heard on critical pleadings: HC (See 'Legal Desk')

Tete-a-tete around AI in banking sector often begins with algorithms (See CORP EINSICHT)

Print

9 Mines successfully auctioned in 10th Round

Published: Nov 28, 2024

By TIOLCorplaws News Service

NEW DELHI, NOV 28, 2024: THE Ministry of Coal launched the 10th round of coal mine auctions for commercial mining on June 21, 2024. In the forward auctions, a total of nine coal mines were successfully auctioned, comprising three fully explored mines and six partially explored coal mines. These nine mines hold a combined geological reserve of approximately 3,998.73 million tonnes. The cumulative Peak Rated Capacity (PRC) of these mines stands at 14.10 MTPA, excluding partially explored coal mines.

The mine-wise result for auctions held is as under:

S. No.	Name of the Mine	State	PRC (mtpa)	Geological Reserves (MT)	Closing Bid Submitted by	Reserve Price (%)	Final Offer (%)	Coking/Non-Coking
1	Bundu	Jharkhand	1.00	102.268	S M Steels and Powver Limited	4.00	16.75	Non-Coking
2	Gare Palma IV/5	Chhattisgarh	1.10	77.990	Sarda Energy and Minerals Limited	4.00	25.75	Non-Coking
3	Kerendari-BC North	Jharkhand	NA	600.000	Orissa Alloy Steel Private Limited	4.00	23.25	Non-Coking
4	Marwatola South	Madhya Pradesh	NA	126.300	Mineware Advisors Private Limited	4.00	22.25	Non-Coking
5	New Patrapara South	Odisha	12.00	720.870	NLC India Limited	4.00	5.50	Non-Coking
6	Sarai East (South)	Madhya Pradesh	NA	128.600	ACC Limited	4.00	5.50	Non-Coking
7	Ulia Gamhardih	Chhattisgarh	NA	587.700	S M Steels and Powver Limited	4.00	42.50	Non-Coking
8	Gawa (East)	Jharkhand	NA	55.000	Shreeji Nuravi Coal Mining and Trading Private Limited	4.00	7.00	Non-Coking
9	Bartap(Revised)	Odisha	NA	1,600.000	JSW Energy Utkal Limited	4.00	8.50	Non-Coking

The auctions witnessed intense competition, achieving an average revenue share of 17.44%. This reflects the sustained interest of industries in the coal sector and the Ministry's efforts to provide a stable and transparent policy framework. These mines are expected to generate an annual revenue of ~Rs.1,446 crore (excluding partially explored mines), likely to attract a capital investment of around Rs.2,115 crore, and create 19,063 employment opportunities.

Since the inception of commercial coal mining in 2020, a total of 113 coal mines have been auctioned successfully, with a production capacity of 257.60 Million Tonnes per year. Upon operationalization, these mines will immensely contribute to enhance domestic coal production and in making country self-reliant in coal sector. Collectively, these mines are expected to generate annual revenue of Rs 35,437 crores, capital investment of Rs 38,641 Crores and provide employment for 3,48,268 people in coal-bearing regions.

These strategic initiatives of the Ministry of Coal reaffirm the Ministry's dedication to transforming the coal sector into a key driver of economic growth. These initiatives not only address the nation's energy demands but also foster economic stability and create employment opportunities, contributing to the vision of an 'Atmanirbhar Bharat.

TIOL CORP SEARCH

TIOL GROUP WEBSITES