The Mines and Minerals (Development and Regulation) Amendment Bill, 2015, is for auctioning mines that supply minerals like iron ore and bauxite.

Former UPA minister Jairam Ramesh, in a conversation with Business Today, minces no words when he calls the Ministry of Environment and Forests (MoEF) a bed of thorns.

Steel Minister Narendra Singh Tomar said the plan for new capacity has been envisaged to boost 'Made in India' and take the steel capacity of India to 300 mn tonnes.

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According to Power System Operation Corporation (POSCO) power generation at the first unit of 1,000 MW KNPP commenced on Sunday.

The two companies will set up a joint venture for building the largest vertically integrated solar photovoltaic manufacturing facility in the country, said Adani Group.

Abbot Point port terminal in Queensland, about 980 km north of Brisbane, which he bought for nearly $2 billion in 2011 is the biggest single bet Gautam Adani has ever made.

The decision to plunge into mining comes close on the heels of the BJP-led NDA govt permitting private players including subsidiaries of foreign companies to mine coal.

A PMO official said that a bureaucrat who had worked closely with Modi when he was the chief minister of Gujarat will head the Project Monitoring Group. 

By taking over the Project Monitoring Group, the prime minister could help firms planning business projects cut through a maze of up to 180 clearances.

Terminal Zero (T0) will be constructed at the port of Abbot Point near Bowen town, Queensland, as per the pact signed between the two companies.

\"Now, with the slow progress in readying the necessary and basic infrastructure including land acquisition, the government has decided to assign the job to SAIL and RINL as well,\" said a source in the Steel Ministry.

The firm also won a commitment from state govt to take short-term, minority stakes in rail, port infrastructure needed to unlock massive coal reserves in Galilee Basin.

Adani said in October it planned to start construction work in early 2015, aiming for first production from a 60-million-tonnes-a-year mine in 2017.

Parsons Brinkerhoff, a project management and infrastructure consulting firm, will be Adani's PMC partner for the Phase 1 contract.

The Mines Ministry last week wrote to Odisha seeking clarity on how much of the mining land sought by POSCO was notified as an area where commercial mining was allowed.

The US $15 billion coal project is expected to provide electricity for up to 100 million people in India.

The environmental conditions imposed on Adani's project were largely to address concerns raised by landowners worried that coal projects in the area will affect groundwater supply from the Great Artesian Basin.

The National Democratic Alliance-led Central government and Odisha could be on a collision course over the issue of leasing out Khandadhar iron ore mines to Posco.

Archana Hingorani, CEO & Executive Director, IL&FS Investment Managers Limited, stresses that greater clarity is needed on the various provisions of the new Land Acquisition Act.