rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
JINDAL STEEL & POWER LTD. - Jindal Steel & Power Ltd reply to clarification sought by the exchange
< Back
26 Nov 2014
The Exchange has sought clarification from Jindal Steel &amp; Power Ltd with respect to the news media report appearing on Financial Chronicle on November 25, 2014 titled &quot;JSPL scraps $10 billion CTL project in Odisha&quot;&lt;BR&gt; &lt;BR&gt;Jindal Steel &amp; Power Ltd has replied stating that &quot;The Company planned to implement Coal to Liquid (CTL) project to produce crude using environment friendly Indirect Coal Liquification under the technology developed in Germany for which Ramchandi Promotional Coal Block in Orissa allotted by Government of India in 2009.&lt;BR&gt;&lt;BR&gt;Since the Coal Block has been de-allocated as per the recent Supreme Court verdict, this project, as planned, will not proceed.
View all announcements for JINDAL STEEL & POWER LTD. Source: BSE India