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.
Delhi`s Patiala House Court on Saturday issued summons to Congress MP and owner of Jindal Steel and Power Limited (JSPL) - Naveen Jindal and three of his associates for making various defamatory and false statements against Zee Business Editor, Samir Ahluwalia.
Jindal Steel & Power Ltd (JSPL) has provided high power generator sets to the district administration of Ganjam, the worst-affected district of Odisha in cyclone Phailin, helping the state government to restore normalcy.