Daily Archive: September 5, 2015

Odisha may get another UMPP at Gajamara

The Bhedabahal UMPP needs 3,246 acres land in all that includes 2,733 acres private land, 444 acres government land and the rest 69 acres revenue forest land. After Bhedabahal, the site of the first...

No green nod for CIL to expand output in existing units

State-owned Coal India, which is targeting 908 million tonnes of output by 2020, has been denied environment clearance for expansion of one-time production capacity by 50 per cent in existing operations without public hearing....

India can’t compete with China on INDCs

As the world eagerly awaits India’s climate action, there is absolute clarity that the country’s intended nationally determined contributions (INDCs) will not be similar to that of China. The inter-governmental consultations on framing up...

Retain buy on Coal India, target Rs 439

Coal India’s dispatches in August were up 8.9% y-o-y to 40.2 mt, maintaining its healthy high single-digit growth rate. Among the subsidiaries, CCL posted the strongest growth (~20%). MCL’s growth was ~13% despite disruptions...

Coal Ministry imposes ?1 lakh penalty on GVK Power

The Ministry of Coal has imposed a penalty of ?1 lakh on GVK Power (Goindwal Sahib) for intentionally delaying the submission of requisite documents to allow coal mining to start at the Tokisud North...

Suzlon seeks shareholders nod to raise Rs 5,000 crore

Wind turbine manufacturer Suzlon Energy’s board has sought shareholders’ approval to raise up to Rs 5,000 crore through the issue of securities. “(It is proposed) to issue securities to the extent of Rs 5,000...

Pan-IIT virtual centre for bio-energy launched

To develop advanced technologies in the area of biofuels and pave the way for a sustainable solution to the energy crisis, the Department of Biotechnology has launched a virtual centre spread across five Indian...