Filter
Exclude
Time range
-
Near
Modani Coalgate: The curious case of Auctioning & Allocation 🏴 Timeline: 🗓️ Nov'2021: The Association of Power Producers - Writes to the Coal Ministry for opening up auctioning of two Coal Blocks Nestled in the densest Forests of India due to rumored coal shortage. 1. Singrauli, MP - Close to Adani Thermal Plant acquired in Mar'2022 2. Hasdeo Arand, CG - Adjacent to blocks being mined by Adani ▪️ Coal Ministry consults (CMPDI) & in a presentation CPMDI indicated that none of the 15 coal blocks can be opened up for mining since they are in areas covered by very dense forests. - Overruled *Pic attached ▪️ 7th Trench - Adani Sole Bidder - Turned Down Coal Shortage Created: ▪️ Mara II Mahan block - 950 million tonnes - 50 Sq. Kms. - 90% under Forest Cover ▪️ Hasdeo Arand’s Pendrakhi block - Close to the Lemru Elephant Reserve ▪️ Mara II Mahan - Sole bidder Mahan Energen Limited – an Adani subsidiary ▪️ 2010, the government had classified the entire Singrauli Coalfields as a “no-go area”, meaning the area was too biodiverse and forest-rich to be mined.- INC Govt. ▪️ August 2023, the Adani Group received a green clearance to expand the power plant by adding 1600 MW capacity to the existing 1200 MW over an area of 920 acres March 2023: Coal Mines Won (Min. bid price 4.5%) ▪️ North West of Madheri (5.5%) - won by MH Natural Resources, a wholly-owned subsidiary of Adani Enterprises ▪️ Purunga (5.5%) - Only other bidder Power Mech Projects Ltd which recieved order worth 6K crore from Adani group last year ▪️ Dahegaon Gowari (5.5%)- Ambuja Cements outbid Gangaramchak Mining Private Limited ▪️ Gondbahera Ujheni (7%) - Cavill Mining registered on April 24, 2022 in Ahmedabad (80% paid up capital Utkarsh Shah who owns 96% of Adicorp Shares Adicorp and Cavill are sister companies & were lent 622 Crore in 2019-20 by Adani Enterprise & Adani Ports, Adani Power lent 608.4 Crores) This is a much bigger & complicated Coalgate, Powergate, Portgate, AirportGate, RedevelopmentGate, MineralGate, ExportGate, Logisticsgate etc etc which only time & keenness of Political Parties will uncover. For the time bieng - Its Modani, Modani & Modani everywhere!!! 🤑🤑🤑 #Adani #CoalBlockAllocations #AdaniCoalgate #Modani #ModaniScam
5
48
84
3,369