TIOLCorplaws- Tiol Corplaws

National Orientation Programme for Tribal Healers on Public Health held in Hyderabad (See 'Corp Brief')

CSIR-NIScPR organises third International Conference on Dissemination of Traditional Knowledge (See 'Corp Brief')

A&C - Judicial intervention in arbitral proceedings is warranted only in exceptional cases, such as where party is left remediless under the statute or where clear bad faith is established: HC (See 'Legal Desk')

WCL emerges as Growth Engine of Coal India, Records Strong Growth in Production (See 'Corp Brief')

DPIIT implements Special Campaign to minimise Pendency Across Offices (See 'Corp Brief')

SEBI ACT - Provisions of SEBI (Prohibition of Insider Trading) Regulations are violated where an employee of the Company, possessed & communicated Unpublished Price Sensitive Information regarding its forthcoming financial results to an outsider who then traded in company's shares based on such information: SAT (See 'Legal Desk')

CCI approves acquisition of certain stake in Vodafone Group PLC by Vega SAS (See 'Corp Brief')

CCI approves acquisition of equity of Solenergi Power by Aditya Birla Renewables (See 'Corp Brief')

CCI approves acquisition of certain shareholding in Navi Ltd by MIH Payments (See 'Corp Brief')

Insolvency and Bankruptcy Code, 2016 - A post-admission settlement can automatically bypass statutory mechanism mandated under Section 12A of the IBC, 2016, particularly in light of stringent amended provisions governing withdrawal of admitted applications: NCLAT (See 'Legal Desk')

CCI approves acquisition of equity share capital of IntelliSmart Infrastructure by Adani Energy (See 'Corp Brief')

CCI approves merger of Sapphire Foods India with and into Devyani International (See 'Corp Brief')

87 Crores Individuals Screened for Oral, Breast and Cervical Cancers (See 'Corp Brief')

Insolvency and Bankruptcy Code, 2016 - Liquidator's claim for refund cannot be adjudicated in the summary jurisdiction under Section 60(5) of the Code, more so where the parties' claims have not been crystallised through adjudication: NCLT (See 'Legal Desk')

India-BLEU Joint Economic Commission Session Held in Luxembourg (See 'Corp Brief')

India to promote South-South Cooperation and share Agricultural Innovations (See 'Corp Brief')

Companies Act, 2013 - Pendency of challenge to a judgment before a Division Bench does not extinguish its binding force, where judgment is neither set aside nor stayed: HC (See 'Legal Desk')

Of 137 commercial mines allocated since 2020, 25 are producing (See 'Corp Brief')

MoS releases Foreign Language Compendium of DRDO Products for engagement with international partners (See 'Corp Brief')

Trade Marks Act, 1999 - Court's intervention is needed where the parties furnish affidavits making undertakings that effectively resolve the issues at hand: HC (See 'Legal Desk')

An unsuccessful 'success fee' litigation (See CORP EINSICHT)

Print

Vesting Orders for 7 Coal Mines issued

Published: Feb 05, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 05, 2025: THE Nominated Authority, Ministry of Coal has issued the Vesting Orders for 7 Coal Mines under commercial coal mine auctions today. The Coal Mine Development and Production Agreements (CMDPA) for these mines were signed on December 05,2024.

The mines for which vesting orders has been signed are Gawa (East), Gare Palma IV/5, Marwatola South, New Patrapara South, Sarai East (South), Bartap(Revised) and Kerendari BC North Coal Mines. 5 mines are partially explored coal mines, and 2 mines are fully explored coal mines. The PRC(Peak Rated Capacity) of these coal mines are ~ 13.10 MTPA and is having ~3,308 MT of Geological Reserves. These mines are expected to generate an Annual Revenue of ~Rs. 1,327 crores calculated on the basis of PRC and will attract Capital Investment of ~Rs. 1,965 crores. It will provide employment to ~17,500 people both directly and indirectly.

With the vesting of these coal mines, vesting/ allocation orders have been issued for 107 coal mines under commercial coal mine auction with cumulative PRC of ~246.60 MTPA. This will result in generating Annual Revenue of ~Rs. 34,000 crores and will generate employment for ~3,33,000 people both directly and indirectly.

TIOL CORP SEARCH

TIOL GROUP WEBSITES