The Supreme Court on Tuesday suspended the implementation of three farm laws that have sparked farmer protests and said it will appoint a panel of experts to look into the matter for achieving a resolution. “The committee would hear all objections to the law. Those who wish to appear before it can do so. The committee […]
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 […]
The Odisha government has concluded auction of 17 iron ore mines, that were expiring in March 2020. The auctions saw the mines being taken at high premiums, up to 154 per cent over reserve price. The new auction process has pitted the small miners against the big players slush with funds. This has helped the […]
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 […]
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 […]
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 […]
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 […]
After a minuscule cut in iron ore prices by the National Mineral Development Corporation (NMDC), far less than the global price decline for September, domestic steel mills expect a further cut in the price of the primary steelmaking raw material in the near future. The benchmark iron ore with 62 per cent Fe content reported a decline […]
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 […]
