The Enforcement Directorate on Monday provisionally attached assets worth Rs.2.25 crore belonging to former Union Minister of State for Coal Dasari Narayana Rao in connection with a coal block allocation scam case.
The Coal Ministry, had late last night, rejected the bids of Jindal Steel and Power Ltd (JSPL) and Balco for four blocks amid reports of speculation of cartelisation during the recent coal block auction.
Union Forest and Environment Minister in the UPA government, Jayanthi Natarajan had an epistolary "face-off" with her Cabinet colleague, Rural Development Minister Jairam Ramesh over allowing Jindal Steel and Power Limited (JSPL) to conduct mining activities in the Saranda forest of Jharkhand.
The CBI Friday registered a preliminary enquiry (PE) against Jindal Steel and Power Limited (JSPL) and some unknown officials in the union ministry of environment and forests in connection with diversion of forest land for mining between 2007 and 2013.
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.