SC upholds cancellation of mining firms' leases in Jharkhand

The Supreme Court has upheld High Court's order to cancel mining leases of Monnet Ispat & 5 other companies in Jharkhand.

Zeebiz Bureau

New Delhi: The Supreme Court has upheld High Court's order to cancel mining leases of Monnet Ispat & 5 other companies in Jharkhand.

The Jharkhand High Court had earlier rejected the pleas of the affected companies.

At early trade the share of Monnet Ispat was quoting at Rs 351.40, down Rs 34.45, or 8.93 percent.

The companies whose leases were cancelled are Monnet Ispat and Energy Ltd, Jharkhand Ispat Ltd, Prakash ispat Ltd, Adhunik Alloys and Power Ltd, Abhijeet Infrastructure Ltd, Ispat Industries Ltd.

With PTI Inputs

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