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What is captive coal block

  • Is Modi Government Planning on Selling State Govt. Owned

    Feb 17, 2021· In continuation of this provision, captive coal block leaseholders will now be able to use 50% of extracted minerals for commercial trading. This proposal has been justified by the Centre on the assumption that it will reduce the import bill of coal and help bridge Indias trade deficit.

  • 26% equity rule for captive mines soon - The Economic Times

    The captive coal block owner will have to maintain 51% equity in the subsidiary coal company in case the mining company does not have an exclusive coal supply arrangement with the parent. In case a coal block is jointly owned, equity participation in the joint venture company shall be made directly by owners and not through their subsidiary.

  • Coal blocks allocation cases Explained: The allegations

    The coal blocks allocation cases are among the CBI s longest running probes, with the agency last registering a fresh FIR in the case in January 2020. It has since 2012 filed multiple chargesheets

  • CIL, OCPL to tie up for sale of coal from captive block in

    Coal India Ltd (CIL) and Odisha government-owned Odisha Coal and Power Ltd (OCPL) have joined hands for sale of coal produced from OCPLs captive block at Manoharpur in Jharsuguda as a part of initiatives of the central government to produce more indigenous coal available to country beyond CILs production and cut imports.

  • Why Adani Group has placed highest number of bids in India

    But the energy think-tank Prayas had said in feedback to the government in January: The experience of block allocations for captive use when many non-serious players acquired coal blocks

  • National Centre of Geo-Informatics

    Coal blocks other than CIL blocks are non-CIL Blocks. What is a Captive Block? A geological coal block allotted to Companies for mining of coal for their own use/ other assigned purposes for which allocation / auction has been done. How an illegal coal mining activity is identified through CMSMS ?

  • (PDF) Coal Block Allocations: Opportunity Lost, Chaos Gained?

    Timeline of events related to captive coal block allocation in India 2 Figure 2: Summary of cancelled coal blocks and proposed allocations 6 Figure 3: End-use classification of coal blocks by

  • Green tribunal cancels forest clearance for Chhattisgarh

    Mar 24, 2014· The National Green Tribunal has cancelled the clearance given by the environment minister to Parsa East and Kante-Basan captive coal blocks

  • Coal production from captive mines rises 22% in April

    The apex court had then cancelled 204 from 218 captive coal block licences, saying that these had been allocated in an illegal and arbitrary manner. After the Supreme Court ruling, 36 coal mines

  • What is captive (coal) mining? - Quora

    Captive Coal Mining means the coal which taken out by a company for its own use & it wont be able to sell it in the market. Mostly Steel Producing Companies & Electricity Generation Company used to have these Captive Coal Mining. The Coal which is extracted is

  • Coal is Gold: The Coalgate Scam - Longdom

    enterprises can participate in those auctions. The highest bidder is given the coal block for his or his enterprises use. This is/was the legal and correct way to allocate the coal blocks. But in this scam the government allocated 194 coal blocks wrongly to private enterprises for their captive use but

  • Indian coal allocation scam - Wikipedia

    The coal ministry on Thursday decided to de-allocate 11 captive coal blocks including three mines of Jindal Steel and Power, besides forfeiting the bank guarantees of six firms and asking five to expressly furnish bank guarantees. The ministry has been facing intense flak over alleged irregularities in allocation of coal blocks since 1993 and

  • GUIDELINES FOR ALLOCATION OF CAPTIVE BLOCKS AND

    Upon allocation of captive coal block by the Screening Committee the applicant would submit an affidavit in the prescribed format to the effect that all coal mined from the captive block shall exclusively be used in the proposed end use project for which the said block has been allocated and that in case of any slippage in implementation of the

  • Competition in Coal - Power Line Magazine

    Jun 08, 2020· Commercial coal mine auctions have been a long-overdue reform. Post the cancellation of captive coal blocks by the Supreme Court in 2014, the central government enabled commercial mining and sale of coal by private companies under the Coal Mining Special Provisions Act, 2015.

  • Rules governing allocation of coal blocks in India. iPleaders.

    Captive Coal Mining It means, mining with a condition, that the coal mined can specifically be used in a said industry for which the allocation or auction of the coal block has been done.

  • What is captive mining? Yahoo Answers

    Jan 31, 2013· The intent of the captive coal mining policy is to allocate a specific block to a specific need for the country. Captive mining was used to supply the iron and steel production in 1976, then for power genration in 1993 and finally coal gasification and liquedfaction in 2007. End user companies (allocatee) can get blocks developed througu an

  • Number of captive coal blocks slips to 11 so far from 17

    Nov 26, 2019· The number of captive coal blocks, among the re-allocated ones, producing the mineral has come down to 11 from 17 at the end of FY19, reveals the latest data tabled in the Parliament.

  • captive coal blocks News and Updates from The Economic

    Feb 21, 2018· captive coal blocks News and Updates from The Economictimes. captive coal blocks News and Updates from The Economictimes. Benchmarks . Nifty 14,981.75-137.2. NSE Gainer-Large Cap . IDFC First Bank 62.40 4.3.

  • Coalgate scam- A legal picture - iPleaders

    Out of the total 216 coal blocks allocated between 1993-2010, 194 coal blocks were sold to these public and private enterprises for captive use. The questions were raised in the CAG report over arbitrary administrative decisions while allocating the coal blocks and not following the particular procedure of the competitive bidding.

  • The clause which landed Eastern Minerals & Trading Agency

    NEW DELHI: As litigation amps up after the Supreme Court's cancellation of all captive coal-block allocations, court documents are throwing light on one of the more puzzling aspects of the coal scam -- the 74:26 MDO agreements. State companies -- mostly power utilities -- entered into 74:26 joint ventures with private coal miners called MDOs (mine developer and operators) where the JV mined

  • Cos rush to develop captive coal blocks on cancellation

    The coal ministry has issued show-cause notice to some 58 private and public sector coal block allocatees, asking them to explain the reported delay in undertaking development block. The IMG, constituted by the Centre, has recommended de-allocation of over a dozen captive coal blocks during its ongoing review.

  • 'Captive coal block de-allocation to boost mine

    Apr 23, 2013· 'Captive coal block de-allocation to boost mine development' Honda bets big on diesel power Make Bengaluru your Permanent Address: 6 Reasons why this is the best time to invest

  • Re-allocation of 74 coal blocks to begin Feb 11 - The

    Nov 20, 2014· Among the 204 captive coal blocks cancelled by the Supreme Court, re-allocation of the first lot of 74 will be complete by March 15 next year, coal secretary Anil Swarup said on Wednesday.

  • Government auctions 41 Coal Blocks What it means?

    Now, anyone can take part in auctions for coal blocks including partially explored ones, in contrast to the earlier norm which allowed only captive consumers with end use ownership to participate. Further, it was also announced that coal gasification/ liquefication will be incentivized through rebate in revenue share.

  • Sale of 50% coal from captive blocks planned, govt seeks

    Feb 21, 2021· The Coal Ministry, in a brief note, said, In the note for consultation of Ministry of Mines, it is proposed to incorporate a provision in the Act to allow sale of 50 per cent of coal/lignite produced by captive mines on an annual basis. Further, an additional amount will be charged on the merchant sales of coal/lignite by the captive miners.

  • Captive coal blocks: Latest News & Videos, Photos about

    Mar 15, 2021· CAPTIVE COAL BLOCKS Nalco gets mining lease for Utkal-E coal block in Odisha The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 hectare, the company said in a filing to BSE.

  • captive coal block News and Updates from The Economic

    Dec 28, 2020· captive coal block News and Updates from The Economictimes. Benchmarks . Nifty 15,030.95-143.85. NSE Gainer-Large Cap . IDBI Bank 42.00 3.75. FEATURED FUNDS

  • captive coal block News and Updates from The Economic

    Feb 21, 2021· Captive coal blocks produce nearly 4 million tonnes in October 23 Nov, 2019, 10.12 PM IST. According to data compiled by the Coal Controller Organisation, production from captive coal blocks during April-September 2019 rose nearly 26% to 26 million tonnes against the previous corresponding period.

  • SC coal block decision worries Chhattisgarh power plants

    Aug 26, 2014· Jindal Steel and Power Limited (JSPL) is the first private company to get allocation for captive coal mines Donga Mahua in Tamnar. Later, numerous companies got coal blocks mainly at

  • Charge of the coal brigade - The Hindu

    The longer the captive coal block holders wait, the more they gain, since the value of coal that they have hoarded helps boost the valuation of their companies. Given the rising trend of

  • (PDF) Captive Coal: Blocked? - ResearchGate

    May 01, 2017· After the Supreme Court cancelled the allocations of 204 captive coal blocks in September 2014, the government responded swiftly. It issued an ordinance, later passed as the Coal Mines (Special

  • Winners of coal blocks to pay 10% upfront - The Financial

    The companies that would be able to grab captive coal blocks from among the 74 that are to be auctioned off shortly will have to pay 10% of the respective blocks intrinsic value

  • CAG REPORT ON COAL SCANDAL PDF - PDF Service

    Aug 03, 2019· A report of the parliamentary standing committee said that the allocation of blocks between and had been unauthorised. Cwg 27 July One of the mysteries of the unravelling coal scam in India is how relatively unknown and small-time companies managed to acquire the balance sheet strength required to apply for captive coal blocks.

  • Centre plans to permit sale of 50% coal from captive

    The Centre plans to permit sale of 50 per cent of coal/lignite produced by captive blocks, a move aimed at augmenting the production and increasing the availability of dry fuel.

  • ET in the classroom: An introduction to coalgate - The

    Sep 25, 2014· After declaring captive coal block allocations as illegal in August, the Supreme Court has now cancelled all but 4 of the captive coal blocks allotted between 1993 and now. ET presents a primer on the captive coal block allocation scam, or as it was called, Coalgate. WHAT IS THE COALGATE SCAM?

  • CIL may not get right to captive miners excess coal

    Currently, the Coal Mines (Nationalisation) Act, 1973, mandates in case of captive mining, all coal mined from a block must be used entirely for the end-use project specified in the allocation letter. The proposed policy on the usage of surplus coal from captive mines, aimed at reducing Indias dependence on imported coal, has been under

  • (PDF) Captive Coal: Blocked? - ResearchGate

    After the Supreme Court cancelled the allocations of 204 captive coal blocks in September 2014, the government responded swiftly. It issued an ordinance, later passed as the Coal Mines (Special

  • Captive coal blocks - PhillipCapital

    Captive coal blocks De allocation on the cards 17 January 2014 PhillipCapital (India) Pvt. Ltd. MoC serves notices to 61 coal block allocatees: As a part of its review into allocation of captive coal blocks, the Ministry of Coal (MoC) has issued notices to

  • Explained: No More Pampering Coal India As Mining Industry

    Jan 09, 2020· Thus, this amendment will put an end to the captive coal block auctions in the future, and open the Indian coal sector completely for commercial mining for all local and global firms.

  • Five major questions about NDA government's coal block

    Why is the government persisting with the captive coal block route? This is the biggest question. Between 1993 and 2011, successive governments at the Centre, trying to give coal blocks to as many applicants as possible, divided coalfields into multiple small blocks. As a result, some coal, in the spaces between blocks, could not be mined.

  • captive coal block: Latest News & Videos, Photos about

    Feb 21, 2021· Captive coal blocks produce nearly 4 million tonnes in October 23 Nov, 2019, 10.12 PM IST. According to data compiled by the Coal Controller Organisation, production from captive coal blocks during April-September 2019 rose nearly 26% to 26 million tonnes against the previous corresponding period.


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