JINDAL STEEL & POWER LTD. - Jindal Steel & Power Ltd reply to clarification sought by the exchange

The Exchange had sought clarification from the company with respect to news article appearing in The Economic Times on February 20, 2015 titled "JSPL Retains 2 Blocks, Hindalco Bags one"<BR> <BR>The company has replied stating "that as per the information published in the website of Nominated Authority to the Central Government, Jindal Power Limited, a subsidiary of Jindal Steel & Power Limited, has been declared as the successful bidder for the Coal Block of Gare Palma IV/2 and IV/3.<BR> <BR>However in respect of the Coal Block of Gare Palma IV/1 of Jindal Steel & Power Limited, the Company has not qualified for the e-auction round on the basis of initial price offer submitted by it."