OTHER GROUP COMPANIES
market

Delhi HC to hear case against JSPL on July 10

The case pertains to the Gare Palma coal block, which was won by JSPL in the coal block auctions, but was later cancelled by appointed to Coal India (CIL), as its custodian.

July 07, 2015 3:16 IST | India Infoline News Service
Delhi High Court has said that it will hear the case of Jindal Steel and Power (JSPL) in the coal block allocation case on July 10. The case pertains to the Gare Palma coal block, which was won by JSPL in the coal block auctions, but was later cancelled by appointed to Coal India (CIL), as its custodian.

The reason for the cancellation of these coal blocks was a suspected cartelisation. The Gare Palma IV 2 & 3 coal has an extractable reserve of 155.49 million tonne of coal with an annual production of 6 mtpa, that would have met the entire fuel need of the company's 1000 MW Tamnar power project from the mines. 

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity