India’s Supreme Court grants relief to Goan miners by allowing transportation of iron ore till January, 2021

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The Supreme court extended the time for mining firms in Goa to transport the royalty paid iron ore extracted on or before 15, March 2018 till 31 January, 2021. The relief was granted on the grounds of nationwide lockdown imposed due to covid-19 pandemic. On 30 January, the apex court bench headed by Chief Justice SA Bobde had […]

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Vedanta Ltd moves Supreme Court after high court denies it right to open Sterlite copper plant

Mining major Vedanta Ltd. has moved the Supreme Court challenging the Madras High Court’s refusal to order reopening of Sterlite’s copper smelting plant at Tuticorin in Tamil Nadu. On August 18, the Madras HC refused to allow reopening of the plant and dismissed all the 10 petitions filed by the company. The Tamil Nadu government has already filed a […]

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Supreme Court appointed panel rejects Karnataka steel manufacturers plea for 7 million tonnes of iron ore

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The Supreme Court-appointed Central Empowered Committee (CEC) has not allowed the apex Court to accept Karnataka Iron and Steel Manufacturers Association (KISMA’s) appeal urging the Court  to direct NMDC and Mysore Minerals Ltd (MML) to meet a shortfall of 7 million metric tonne (MMT) of iron ore ore. KISMA claimed the shortfall arose due to the suspension of mining operations […]

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India’s ban on import of power equipment from China likely to delay cleaning of thermal plant emissions

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Following the ban on import of power equipment from China, the agenda for installing pollution reducing equipment at coal-based power plants, is likely to get further delayed.   Combined with the reluctance of lenders to inject more capital in this stress-ridden sector and the uncertainty over its impact on power tariffs, the Centre’s 2022 deadline […]

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Vedanta looking for options for its iron ore workers after Supreme Court’s shutdown order for its Goa mines

Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of its iron ore business in and around Goa that was shut down by a court. The Supreme Court in February this year had cancelled all iron ore extraction permits in the southwestern state of Goa and ordered mining to cease from […]

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Supreme Court order credit negative for India’s Tata Power rating: Moody’s

The Indian Supreme Court’s order regarding compensatory tariff for Tata Power in view of higher coal prices is credit negative, but does not impact its Ba3 rating, Moody’s Investors Service said in a statement. Yesterday, the Supreme Court set aside the earlier order of the Appellate Tribunal for Electricity (ATE), which allowed relief to Tata Power Company’s […]

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