Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Tata Steel Long Products receives termination letter for coal block

Friday, 13 Nov 2020
Share this on :
The Tata Steel Long Products had acquired the Brinda-Sasai coal block as part of the acquisition of the steel business of Usha Martin.

The following had a performance obligation by way of a bank guarantee to the Nominated Authority, Ministry of Coal, towards development of the said coal block.

Further, post acquisition, the company undertook a detailed assessment of social and environmental challenges in connection with the development of the coal block and was of view that the performance obligations of developing the coal block look challenging to fulfil.

Accordingly, the company, as a matter of prudence, had taken provision related to the Bank Guarantee in the books of accounts. Subsequently, the company, on 1 August 2020, had intimated the decision of the Board to surrender the aforesaid coal block to the Nominated Authority, since, the development of the above coal block will not be in interest of mineral conservation.

On 11 November 2020, the company received a letter from the Ministry of Coal on termination of coal mines development and production agreement and vesting order in respect of Brinda and Sasai coal mine.

The Ministry of Coal has also invoked the bank Guarantee of Rs 1,33,71,52,000 in connection with the surrender/termination of the agreement.

Post Your Comments


Sign up to start your free trial

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services