Essar Power

Coal auction: Metal, cement cos bid aggressively for blocks amid supply concerns

Metal and cement companies have bid aggressively for coal blocks in the first auctions to sell mines as they look to cut imports and their dependence on inefficient government monopoly Coal India Ltd.

Coal auction: Govt gets 130 technical bids for 21 mines

The government officials said the response has been as per expectations and most of the major players from private sector are participating in the auction, which was necessitated after cancellation of earlier coal block awards by the Supreme Court.

Govt issues fresh notices to firms for delay in coal mines development

Among others, the prominent firms issued fresh notices are like Monnet Ispat and Energy Ltd, Bhushan Ltd, Nalco, Hindalco Industries, NTPC, Essar Power, SAIL, Adani Power and Tata Power.

Guj govt passed on Rs 587 cr undue benefit to Essar Power: CAG

The state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) passed on "undue benefit" of Rs 587.50 crore to Essar Power by allowing it to change the delivery point of transmission of power to GETCO from its plant, a CAG report said.

IDFC admits it goofed by lending to gas-based power; some users may switch to coal

In another week, the NDA government will announce its decision on pricing gas. Lenders and power plants are beginning to look at their options