Jindal Steel & Power updates on coal auction

Jindal Steel & Power updates on coal auction

Mar 22, 2015 06:03 IST Captital Market

Jindal Steel & Power announced that it has received a communication from the Government of India rejecting the Company's bid for Gare Palma IV/2 and IV/3 and Tara Coal blocks in the recently concluded coal auctions. The reason cited being 'the highest bidder doesn't reflect fair value'.

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