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JINDAL STEEL & POWER LTD. - Updates
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17 Mar 2015
Jindal Steel &amp; Power Ltd has informed BSE that :&lt;BR&gt;&lt;BR&gt;&quot;As per media reports auction prices of some coal blocks are under re-examination. JSPL has not received any communication from the government with regard to the re-examination of Gare Palma IV/2 &amp; IV/3 or Tara coal blocks which have been won by its subsidiary Jindal Power Limited (JPL).&lt;BR&gt;&lt;BR&gt;The recent coal block auctions were conducted through a transparent &amp; fair bidding mechanism, which involved two stages of qualification. More than 10 bidders including Jindal Power Limited participated in the auction for each of these mines.&lt;BR&gt;&lt;BR&gt;As per the MSTC website JPL was the winning bidder with regard to the above mentioned coal blocks. JSPL believes that the Government will respect the outcome of these successfully conducted auctions. &quot;
View all announcements for JINDAL STEEL & POWER LTD. Source: BSE India