MINING AUCTIONS
India to launch 15th round of commercial coal mine auctions on April 17
The upcoming auction round seeks to improve ease of doing business, attract investment and widen industry participation. It will offer a mix of fully explored and partially explored coal blocks, targeting participation from established miners, new entrants and technology-driven firms.
Bitcoin to soar? Billionaire Tim Draper makes eye-popping 18-month prediction
Bitcoin BTC USD price prediction 2026: Investor Tim Draper forecasts Bitcoin will hit $250,000 in 18 months. He previously bought Bitcoin at $632 and predicted $10,000, which came true. Draper cites inflation and a weakening dollar as key drivers for this new prediction. Bitcoin is currently trading around $74,000. Other experts also see potential for significant growth.
Coal India, NMDC emerge as must-watch mining plays as spot prices surge, says Motilal Oswal's Siddhartha Khemka
India's mining and metals sectors show strong opportunity with surging coal and iron ore prices, benefiting Coal India and NMDC. Private banks are outperforming PSUs due to NIM recovery, with SBI and ICICI Bank as top picks. The auto sector saw robust Q4 volume growth, while consumption remains mixed with jewellery and liquor showing resilience.
Capital market stocks: Time to change strategy? 10 stocks from different parts of the ecosystem
The capital market infrastructure sector has grown into a full-fledged, publicly-traded ecosystem. Today, investors can pick from exchanges, depositories, registrar and transfer agents, commodity platforms, and at least five asset management companies. All of them listed, all of them profitable, and all of them with the same structural tailwind: The financialisation of Indian household savings. But have we reached a stage where the strategy needs a re-look?
Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy
India now holds over 200 million tonnes of coal, enough for 90 days, a significant increase from previous stock levels. The nation achieved one billion tonne coal production for the second consecutive year. The government is actively working to reduce import dependence and boost self-reliance in the minerals sector. Reforms and auctions are driving progress in this vital area.
Israel-Iran war: Coal India says shielding consumers from cost spike; steps up coal supply measures
State-run Coal India is absorbing significant increases in input costs. This move aims to protect consumers from higher coal prices. The company is not passing on the rising costs of explosives and industrial diesel. This ensures power and industrial costs remain stable. Coal India is also compensating contractors for higher diesel prices. This keeps production unaffected.
- Go To Page 1
Rules allowing inclusion of contiguous mining area notified
New rules allow mining lease holders to expand their areas. This applies to deep-seated minerals and associated minerals. The contiguous area can be up to 10% for mining leases and 30% for composite licenses. Holders of auctioned leases will pay 10% of auction premium on dispatched minerals from the added area. Others will pay extra royalty.
Amid West Asia crisis, CIL plans to offer 25.62 million tonnes of coal in April via auction
Coal India Limited is set to auction 25.62 million tonnes of coal this month. This move aims to address energy supply disruptions caused by the West Asia crisis. The company is using its Single Window Mode Agnostic auction system. Buyers from Bangladesh, Bhutan, and Nepal can now participate directly. This initiative enhances transparency and market integration.
Informal sector steps up coal stocking over price concerns
Coal prices have risen internationally and percolated to the free market rates for coal clocking a premium of 10-15% over the usual rates during this time of the season, coal traders said. A news report from S&P Global Energy on March 23 said that the Platts CFR India 4,200 kcal/kg GAR rose from $67/mt on Feb 27 to $77.40/mt on March 20, supported by stronger buying interest in parts of Asia and firmer energy market sentiment.
Major Coal India arms report drop in production in FY26
Coal India subsidiaries BCCL, CCL, WCL, and MCL saw production drop in FY26. This occurred as India increased coal reliance due to global gas supply disruptions. SECL and NCL registered growth. Experts noted potential spoilage risks with aggressive targets. CIL met contractual coal supply commitments for power plants and industry. Adequate stocks are expected for peak summer demand.
India does not plan to revive offshore mining auction in near term, sources say
India has shelved plans for deep-sea mining auctions, citing a lack of technological readiness and anticipated low bidder interest. The initial auction for critical mineral blocks, valued over 1.5 trillion rupees, was annulled due to poor response. Companies find the venture economically unfeasible, with domestic miners unprepared for the substantial investments and specialized technology required.
Govt cancels auction of 11 critical, strategic mineral blocks
The government has cancelled the auction of 11 critical and strategic mineral blocks in the sixth round due to poor investor response and a lack of qualified bidders. Five blocks received no bids, five had fewer than three technically qualified bidders, and the Beku Rare Metal Block in West Bengal was also annulled.
Centre puts 19 critical mineral mines on the block
India has launched its seventh e-auction for critical and strategic mineral blocks. These minerals are vital for clean energy and advanced manufacturing. The government is also ensuring coal prices are controlled. States have been directed to prevent profiteering by coal retailers. India has sufficient coal stock to meet domestic needs.
Government to launch 7th critical mineral auction tranche to boost resource security
India is set to auction 19 critical and strategic mineral blocks. This move aims to boost the nation's economic development and mineral security. These minerals are vital for clean energy and advanced technologies. The auction follows successful previous tranches. Reforms have streamlined the process for greater transparency and efficiency. Bidders will participate in an online, two-stage ascending forward auction.
Vedanta’s Anil Agarwal flags land, clearances, high premiums as key hurdles to mine operationalisation
Vedanta Chairman Anil Agarwal points to land acquisition issues, delayed clearances, and high mining premiums as major hurdles. He urges faster execution of auctioned mines to boost India's energy and mineral security. Agarwal suggests technology for land payments and streamlined approvals.
Centre auctions record 200 mineral blocks in FY26, highest ever
A record 200 mineral blocks will be sold in 2025-26. This is the highest ever in a single year. Tamil Nadu is conducting auctions for the first time. Uttarakhand is also entering the framework with its first magnesite block. Gujarat, Rajasthan, and Tamil Nadu are leading the auctions. This initiative strengthens the national auction ecosystem.
Coal paying important role in India's energy security amid Israel-Iran war
India's energy security relies on coal amid global fuel uncertainties. Domestic production meets rising demand, with significant stockpiles at mine-heads and power plants. Coal India Limited is conducting e-auctions to ensure availability. Supplies to small and medium consumers are facilitated. The government assures demand will be met, supporting industrial continuity and economic growth.
Oscars red carpet: Most controversial looks of all time that shocked and sparked debate
The Oscars red carpet has long been a stage for glamour, but it has also produced some of the most controversial fashion moments in pop culture. Celebrities have challenged traditional norms with bold and unconventional outfits. From backward suits to dramatic poses and gender-defying gowns, these looks sparked debates, memes, and admiration worldwide.
Coal India aims to ensure power at just price amid West Asia Crisis: Official
Amidst the West Asia crisis impacting imported coal costs, Coal India Ltd (CIL) is committed to providing power at a "just price" to India. The company assures adequate domestic coal sufficiency with robust stockpiles at pitheads and power plants, ready to meet anticipated summer demand and ensure energy security.
Coal India shares hit fresh record high, rise 19% in 2026 so far: What lies ahead?
Coal India shares hit a fresh 52-week high as rising temperatures and heatwave warnings raised expectations of strong summer power demand. Analysts remain positive on the company’s outlook, citing stable coal prices, rising domestic supply and strong demand from power and industrial sectors. Brokerages see further upside supported by steady earnings and dividends.
Dig our own backyard: India has a vulnerability that it needs to address on a war footing
LPG crisis: India faces a critical challenge with its heavy reliance on imported oil, gas, and minerals. This dependency poses significant economic risks. The current policy framework, focused on revenue and transparency, has not reduced imports. A new approach is needed, prioritising production and encouraging private investment in underperforming assets.
Jindal Steel wins auction for another Odisha iron ore mine with 38-mn-tonne reserves
The steelmaker won a state government auction for the Rengalaberha North-East Extension and Nuagan West iron ore block on Wednesday by offering a 111.15% premium over the base price, they said.
Jefferies raises Coal India target price, says valuation reasonable
Jefferies has raised Coal India target to Rs 485, citing reasonable valuation and improving earnings. The brokerage forecasts 9% CAGR in FY26–28, supported by higher e-auction premiums, rising dispatch volumes, and a rebound in power demand. Coal India remains a cash-rich, high-dividend PSU stock with strong market share.
Jindal Steel wins Thakurani A1 iron ore block in Odisha
Jindal Steel has emerged as the preferred bidder for the Thakurani A1 iron ore block in Odisha. This acquisition will bolster the company's iron ore supply as it expands its Angul plant capacity. The mine holds over 50 million tonnes of iron ore. Jindal Steel committed a premium of 101.20% to secure the block.
Stainless steel companies seek govt action on China dumping & raw materials
India's stainless steel sector is preparing for significant growth. Producers are expanding capacity to meet rising domestic demand. The industry is urging the government to improve raw material access and shield it from unfair competition. Key measures include designating chromium as a critical mineral and reducing import duties on essential inputs.
Cabinet may approve pacts with Germany, Canada for critical minerals cooperation
India is set to strengthen its strategic partnerships by signing pacts with Germany and Canada. These agreements will focus on critical minerals, vital for clean energy and advanced technologies. The cooperation includes joint exploration, sustainable mining, and supply chain resilience. This move aligns with India's Atmanirbhar Bharat initiative and its Critical Minerals Mission.
Odisha's critical mineral sector to hit USD 20 bn mark by 2032: Study
Odisha's critical minerals sector is set to hit USD 18-20 billion by 2032 from USD 8 billion currently. The state is set for a transformative leap in the critical minerals sector. This remarkable rise is powered by strategic policies and hefty industrial investments.
Himachal toll tax hiked: Check new rates you will have to pay to enter hills from April 1
Himachal toll tax hike new rate: Himachal Pradesh is increasing entry fees for vehicles from April 1. This move aims to boost state revenue amid financial pressure. Various vehicle categories will see higher charges. The state is also implementing tech-driven toll collection to improve efficiency. This change will make trips to Himachal more expensive for visitors.
Himachal Pradesh eyes toll reforms to raise revenue; Mukesh Agnihotri seeks PM backing
Himachal Pradesh is boosting its income through new rules for liquor shops, toll collection, and vehicle entry fees. These changes aim to collect more revenue after a key grant ended. The government is using technology for better collection and transparency. Reforms in excise and toll collection are now in place.
Load More
