500 mn tonne worth of coal mines is target for acquisitions by 2020

International Coal Ventures Limited, or ICVL, was the epitome of India’s babudom running public sector undertakings (PSUs). Five major public PSUs — NTPC, SAIL, NMDC, Coal India and Rashtriya Ispat Nigam (RINL) — with a war chest of Rs 10,000 crore had come together for this initiative to buy coal blocks outside the country. However, since its inception on May 20, 2009, the venture has failed to acquire even a single asset. And, two of its integral members, Coal India and NTPC, have clarified they aren’t interested in being a part of ICVL any more.

Orissa Minerals Development Company Ltd, a step-down subsidiary of Rashtrya Ispat Nigam Ltd, informed the BSE that the company has got environment clearance from the Union Ministry of Environment a

As the Andhra Pradesh government ordered an inquiry into Wednesday night’s explosion at the plant of the Rashtriya Ispat Nigam Limited (RINL) which left at least 12 people dead, it emerged that sen

Indian steel companies are getting away with causing grave damage to the environment.