JSPL clarifies on coal block of Gare Palma IV/1 bid

JSPL has not qualified for the e-auction round of the Coal Block of Gare Palma IV/1 on the basis of initial price offer submitted by it

Feb 21, 2015 01:02 IST India Infoline News Service

With reference to an article in a newspaper published on February 20 titled, 'JSPL retains 2 blocks', Jindal Steel & Power Ltd has replied stating "that as per the information published in the website of Nominated Authority to the Central Government, Jindal Power Limited, a subsidiary of Jindal Steel & Power Limited, has been declared as the successful bidder for the Coal Block of Gare Palma IV/2 and IV/3.”

“However in respect of the Coal Block of Gare Palma IV/1 of Jindal Steel & Power Limited, the Company has not qualified for the e-auction round on the basis of initial price offer submitted by it,” JSPL said in a filing to BSE.

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