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CIL may push back IPO to September

June 2, 2010: State-run miner Coal India Ltd (CIL) may push back its initial public offering (IPO) to September or October, instead of July-August as planned earlier, due to the ongoing euro zone crisis.

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Centre blamed for coal shortage

May 31, 2010: The Madhya Pradesh government has once again blamed the Centre, particularly Indian Railways, for coal shortage at its 1,350-Mw Birsinghpur power plant, thereby creating at least 500-Mw power shortage in the state.

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ArcelorMittal plans power venture in India

May 31, 2010: ArcelorMittal, the world's biggest steel producer, has planned a foray into power generation in India.

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Mahagenco calls for EoIs for Ratnagiri power plant development

May 31, 2010 : In a bid to increase its power generation capacity, the state power utility Mahagenco has called for Expression of Interest (EoIs) from companies for participating in a joint venture for development of a 3,200 MW coal-based power plant at Ratnagiri.

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Andhra seeks fuel linkage for three power projects

May 28, 2010: The Andhra Pradesh Chief Minister, K. Rosaiah, has written to the Union Power Minister, Sushil Kumar Shinde, seeking coal linkage for three power projects of AP Genco, including the mega 5x800 MW coal-fired power project planned at Vodarevu.

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NLC logs 52 percent jump in profits fuelled by mining, power

May 28, 2010: Neyveli Lignite Corporation has reported a 52 percent jump in net profit for 2009-10 compared with that of the previous year.

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BHEL clocks 42% jump in profit to Rs 1,909 cr

May 27, 2010: State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today reported a rise of about 42 percent in audited net profit to Rs 1,909.5 crore for the fourth quarter ended March 2010, against Rs 1,347.4 crore in the corresponding period a year earlier.

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Gujarat NRE Coke set to begin work on AP project

May 27, 2010: Gujarat NRE Coke Limited, producer of low-ash metallurgical coke, is all set to begin work on its Rs 800-crore greenfield coke plant at Ativaram village in Nellore district of Andhra Pradesh.

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Coal shortage slows down cement expansion

May 21, 2010: Expansion of cement production capacities in the southern states is likely to be slower than expected due to shortage in coal supplies, the main fuel.

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BHEL's industry sector business registers robust 40% growth

May 20, 2010: Power equipment maker Bharat Heavy Electricals Ltd (BHEL) today said that its industry sector business grew at a record 40 percent in 2009-10.

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Neepco to set up two projects in Meghalaya

May 20, 2010: North Eastern Electric Power Corporation (Neepco) is all set to develop two power projects in Meghalaya, one 500 MW thermal power project and the other 85 MW hydro-power project.

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No justification for higher Q2 coking coal contract price: SAIL

May 17, 2010: The chairman of Steel Authority of India Ltd (SAIL), S.K. Roongta, on May 17 said there is no reason for further hike in coking coal contract price for second quarter of 2010-11.

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RInfra to acquire additional 850 MW

May 17, 2010: Reliance Infrastructure will acquire an additional 850 MW of electricity from the market to ensure there is no power shortage in Mumbai, a top official said on Saturday.

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Tata plans to set up power plant in Bangladesh

May 17, 2010: Nitol-Niloy, the Bangladesh partner of Indian conglomerate Tata Group, plans to set up a 1,000MW power plant in a joint venture that will be the largest in the country.

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Govt likely to finalise IPO managers for CIL soon

May 10, 2010: The government is likely to appoint six merchant bankers, including the lowest bidder Citigroup, that have been shortlisted for managing the initial public offer of state-owned Coal India Ltd (CIL) within a few days, according to market sources.

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4 killed in Chhattisgarh mine explosion

May 7, 2010: Four miners were killed and 28 injured in a massive blast in the Anjan Hills coalmine in Chhattisgarh's Koriya district.

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Coal India float awaits cabinet okay

May 7, 2010: The cabinet may take up the divestment proposal of state-run Coal India Ltd (CIL) this week. The government plans to sell a 10 percent stake in Coal India in July.

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JSL signs MoU with Orissa to set up 1320 MW power plant

May 7, 2010: Ratan Jindal led JSL Limited and the Orissa government signed a memorandum of understanding for establishment of 1320 MW Super Critical Thermal Power Plant (SCTPP) with an investment of Rs 7375 crore. The project would come up at Luni in Dhenkanal district.

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NMDC, Coal India in coal JV talks

May 5, 2010: India's largest iron ore miner, NMDC Ltd, is in talks to form a coal mining joint venture with state-owned Coal India Ltd.

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L&T Power inks pact with Howden of Britain

May 5, 2010: Engineering giant Larsen & Toubro (L&T) on Tuesday signed a joint venture pact with the England-based Howden to design, engineer, manufacture and supply axial fans and air pre-heaters to thermal power plants.

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