Search Result for : Auction

The Dollar Business Bureau The Madhya Pradesh state government formally signed strategic agreements to fuel India’s ambitions of cheaper solar tariff. A formal function at Delhi, presided by Piyush Goyal, Union power minister, Shivraj Chouhan, Chief Minister of Madhya Pradesh and Venkaiah Naidu, Union Minister for Urban Development, saw signing of deals for the Rewa Ultra Mega Solar Park (RUMSP). RUMSP is a joint venture between the Madhya Pradesh Urja Vikas Nigam Limited and Solar Energy Corporation of India Limited, aimed at a 1,590 acre solar park in the Gurh tehsil of Rewa district. Official release from the ministry as well as International Finance Corporation (IFC), a World Bank affiliate confirmed the development. IFC, the official transaction and auction advisor, shared in an ...

The Dollar Business Bureau The government on Wednesday said it would discuss the mega-spectrum auction plan for the sale of airwaves worth Rs.5.66 lakh crore. "The Cabinet is likely to take up spectrum auction proposal and the timeline for auction will be prepared after Cabinet approval," according to PTI. The Centre may raise almost Rs.64,000 crore by auctioning around 2300 Mhz of spectrum and Rs.98,995 crore from several taxes and services in the telecom sector. The notice inviting application is expected to be issued by July 1, followed by a pre-bid conference on July 6 and bidding from September 1. According to the inter-ministerial panel, the auction would put into sale the premium 700 Mhz band worth Rs.11,485 per Mhz. The mobile services’ delivering cost ...

Aamir H Kaki The government is planning to place 50-60 mines on auction this year. Out of which, six mines have already been auctioned and another 20-25 mines are in the pipeline that will be put up for auction in the next three months, Balvinder Kumar, Secretary, Ministry of Mines, said while addressing a gathering at “Workshop on Mineral Concession Rules, 2016” organised by FICCI on Wednesday. Six mines have already been auctioned and another 20-25 mines are in the pipeline that will be put up for auction in the next three months. He informed that the mines in the states of Karnataka, Gujarat, Rajasthan, Jharkhand and Madhya Pradesh are in the pipeline for auction. Kumar further said that the ministry is coming ...

The Dollar Business Bureau Market regulator Securities and Exchange Board of India (SEBI) has initiated a sale process for the attached assets of the PACL group. It has also announced that an e-auction will be held for some of its properties on July 5. The sale has been initiated with an aim to recover funds totaling around Rs.60,000 crore in the PACL case. Two properties of PACL, a residential plot in Nangloi and an office property in the central Connaught Place will be put on e-auction on July 5, at reserve prices of Rs.90 lakh and Rs.29.59 crore respectively.  The bidders, who are interested, can inspect the property on June 9. They will have to deposit 10% of the reserve price for confirming the ...

Dated September 18, 2015 | Copy of | Ref No. IDMD/608/08.02.032/2015-16 | All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 15,000 crore as per the following details: The auction for securities will be price based auction using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the notifications (copies enclosed), which should be read along with the General Notification F. No. 4 ...

 The Dollar Business Bureau The government has decided to start auctioning of 146 newly identified mining blocks in November this year. A total of 146 mining blocks have been identified by various states and at least 82 of them will be auctioned in the first phase, said Union Minister for Steel and Mines Narendra Singh Tomar. “Centre will start the auction of 80-90 identified mine blocks by November. All the states are participating in the auction process as per their capacity. 146 blocks have been marked by all states, of which 82 blocks will be auctioned in the first phase,” Tomar said at an event of the Associated Chamber of Commerce and Industry (ASSOCHAM) in New Delhi on Tuesday. He said ...

Source: PTI Goa government has earned Rs.7 crore through e-auctioning of 55,000 tonnes of iron ore, a senior official said on Wednesday. “The seventh e-auctioning of ore was held this week. A total of 55,000 tonnes of iron ore were sold, bringing in revenue of Rs.7.07 crore,” Mines and Geology department Director Prasanna Acharya said. The Supreme Court, in its verdict that had lifted the stay on the iron ore extraction activity, has allowed the state government to e-auction the ore which was lying at various places including mining leases, jetties among others. Acharya said the Directorate of Mines and Geology has identified a total of 4.72 million tonnes of ore for e-auction in the eighth phase, which is expected to be ...

 The Dollar Business Bureau In an effort to mop up liquidity from the system, the Reserve Bank of India (RBI) will sell government bonds worth Rs. 10,000 crore in the open market next week. The RBI has decided to sell government securities under Open Market Operations after “an assessment of the current and evolving liquidity conditions”. Securities with maturity dates ranging from 2018 to 2035 will be auctioned on July 14 through multi price method. “There is an overall aggregate ceiling of 10,000 crore for all the securities in the basket put together. There is no security-wise notified amount,” the central bank said in a statement issued on Friday. Securities to be auctioned will bear interest rates ranging from 7.40% to ...