JSW Steel said on Friday that all transactions related to purchase of iron-ore in Karnataka are "legally compliant" after the state's anti-graft watchdog cited certain alleged illegal purchase of iron ore and transactions linking the company and a group firm.
The company said it will suitably respond to the concerned authorities after examining the report.
Shares of some natural resources firms including JSW Steel fell on Friday on the news of Karnataka Lokayukta naming them in a report on illegal mining.
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