The CBI was on Tuesday directed by a special court to record statements of former Prime Minister Manmohan Singh, who was holding charge as Coal Minister in 2005, and others in a coal blocks allocation scam case allegedly involving top industrialist Kumar Mangalam Birla.
Shares of Jindal Steel and Power Ltd fell as much as 15.7% to Rs.248.15, Hindalco Industries Ltd fell 11.7% to Rs.160.8, Sesa Sterlite Ltd fell 4.5% to Rs.278.60, Tata Steel Ltd fell 5.2% to Rs.509.55.
Government will respect the Supreme Court's decision on coal blocks and will ensure quick action, including providing adequate coal to every power plant, Coal and Power Minister Piyush Goyal said on Sunday.
A BJP MP on Monday sought an inquiry into alleged allocation of two major coal blocks to private firms in an indication that the Opposition will again raise the issue in the winter session of Parliament.
CBI will be filing a fresh case in connection with alleged irregularities in connection with allocation of coal blocks by the end of this month in which it may name a corporate and certain former officials of the Coal Ministry.