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Supreme Court says coal block
allocations post 1993 illegal
Supreme
Court has pronounced the terms under which coal blocks were allocated post 1993
as illegal but stopped short of deallocating the blocks. The conseqence of
illegality will be determined on September 1, 2014. The apex court observed
that the issue of de-allocation will need further hearing, but barred UMPPs
from exploiting captive mines.
·
GAIL to restart work on Rs
10,000-cr Energy Highway
GAIL India
said work was set to start on the 2,050-km Jagdishpur-Phulpur-Haldia natural
gas pipeline, which will serve as the Energy Highway for West Bengal, Bihar,
Jharkhand and Uttar Pradesh.
·
Adani Group plans 2,500 MW
rejected coal based power plant
Adani Group is close to
signing up a Memorandum of Understanding (MoU) with the Odisha government to
set up 2,500 MW of rejected coal based power plant in Angul district. The
proposed investment is Rs 12,500 crore, as divulged by the company's senior
management.
·
Ranbaxy faces Rs 242 crore US fine
Shares of
Ranbaxy Laboratories was up 2% on reports that company may have to pay Rs 242
crore fine, imposed by the State of Texas.
