Neyveli Lignite

Coal Ministry seeks explanation from JSW, Tata Steel, others

The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms such as JSW Steel, Tata Steel and Power Finance Corp, for delays in commencing production from mines allocated to them.

Coalgate: Kumar Mangalam Birla meets Chidambaram again

Hindalco Chairman Kumar Mangalam Birla, who is named in the FIR in the alleged coal block allocation scam, today met Finance Minister P Chidambaram for the second time in less than three weeks.

Coalgate: FIR against KM Birla is a body blow to corporate India

Naming Birla in an FIR attacks entrepreneurs who have risen on their own merit. Suddenly, India has become an even more uncertain place to do business.

Nalco surges 6% on reports of govt selling stake in co

Shares of National Aluminium Co surged as much as 5.5 percent on Thursday on media reports that the cabinet would meet on Friday to consider selling some of the government stake in five companies.

Deadlock over fuel pacts to end in a fortnight: Jaiswal

The CBI is investigating alleged irregularities in the utilisation of coal blocks allocated to private companies between 2006 and 2009.