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Jindal Steel & Power's consolidated sales up 30% to 4.4 MT in FY16

Jindal Steel & Power's consolidated sales up 30% to 4.4 MT in FY16

The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Saturday said its consolidated steel sales rose 30 percent to 4.4 million tonnes (MT) last fiscal.

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SC orders status quo on 3 coal blocks, issues notice to JSPL

The Supreme Court Monday ordered maintainance of status quo on three coal blocks in Odisha and one in Chhattisgarh, which the Delhi High Court had directed to be excluded from the auction process.

Cancelled JSPL, Balco mines given to Coal India

Cancelled JSPL, Balco mines given to Coal India

The government on Monday is believed to have alloted the three cancelled coal blocks, for which JSPL and Balco had emerged as the highest bidders in the recently concluded auctions, to state-owned miner CIL.

Entertaining JSPL plea to affect coal block auction: Govt to HC

Govermment on Tuesday opposed in Delhi High Court the pleas of JSPL and its promoter Naveen Jindal challenging its order changing end-use of coal blocks earlier alloted to them, saying the decision was taken to ensure optimal use of reserves of the natural resource.

Fresh notices to Tata Steel, JSPL, others in coal allocation

The Government Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.

JSPL connived with MoC officials for excess mining: CBI alleges

The Coal Ministry officials had "connived" with the JSPL, headed by former Congress MP Naveen Jindal, allowing it to "illegally" mine nearly three times more coal than permitted, claims a CBI probe into coal block allocation scam.

Coalscam: CBI allowed to retain documents seized from JSPL

The order came after the agency said the seized documents would be required for the day-to-day probe in the matter which is in progress.

JSPL shares slump over 8%;mcap down Rs 1,198 cr on CBI inquiry

JSPL's stock tumbled 7.90 per cent to end the day at Rs 152.70 on the BSE. In intra-day, it was down 8.59 per cent to Rs 151.55.

JSPL shares tumble over 8% on CBI inquiry

Shares of Jindal Steel & Power Ltd slumped over eight per cent today following reports that the CBI has started a fresh inquiry against unknown officials of the company for alleged diversion of forest land in Jharkhand for mining purposes.

CBI starts new inquiry against JSPL for forest land diversion

CBI has started a fresh inquiry against unknown officials of Jindal Steel and Power Limited for alleged diversion of forest land in Jharkhand for mining purpose in collusion with Environment Ministry officials.

Coal scam: CBI files fresh case against Jindal Steel & Power

A CBI spokesperson said here on Sunday that it is the 36th FIR in connection with its probe into the coal blocks scam.

IMG to meet today to review bank guarantees of 61 coal blocks

The meeting of inter-ministerial group on coal blocks Wednesday will look into the issue of bank guarantees related to 61 mines allocated to firms such as ArcelorMittal, Tata Steel and JSPL.

IMG to meet tomorrow to review BGs of 61 coal blocks

It will be the IMG's first meeting since the new government has taken charge last month after the general elections. Piyush Goyal has been appointed Minister of State (Independent Charge) for coal, power and new & renewable energy.

Panel asked to submit report on JSPL coal sale at earliest

"The panel was recently requested by the Coal Ministry to submit its report at the earliest," said a source.

IMG for deallocating coal mines of Essar Power, JSPL, others

The final decision on the issue will be taken only after the Coal Minister accepts the recommendations of the IMG, according to sources.