While the company is mulling various options to tackle this problem, Ravi Uppal, managing director and chief executive officer, JSPL says the government shouldn‘t forget the quantum of power capacity that is now at stake due to the cancelled bids- 3500 MW.

Existing power agreements to be revised downward: Coal Secy

Swarup however declined to say if the government suspected cartelization, adding that it was too early to say if the bids for these 8 blocks would be cancelled

Worst behind JSPL; co winning blocks for decent price: IIFL

Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant

Union Budget 2015: Here's why India Inc gives thumps up to Jaitley's Budget

Adi Godrej, chairman, Godrej Industries is confident that the constitutional amendment to goods and services tax (GST) will be passed in this Budget session. He expects FY16 GDP to be around 8.4-8.5 percent.

How JSPL chalked out its strategy for the coal auction

Last week was a rollercoaster ride for Jindal Steel & Power at the coal auctions. The company successfully retained the richest mine for the lowest price but also missed out on one block.

JSPL loses Gare Palma IV/1, what next for co?

Chintan J Mehta, Sunidhi Securities says JSPL has applied for IV/7 which erstwhile belonged to Sharda. If it wins IV/7, margins will not be affected much, but if it has to go for e-auction route perhaps margins could come down

Gare Palma IV/2&3 have total capacity of 6 MTPA: JSPL

Jindal Steel and Power Limited today won the Gare Palma IV/2&3 coal mine at Rs 108 per tonne each.

Govt needs to be pragmatic on coal block sale: JSPL's Uppal

In a reprieve to JSPL, the Delhi High Court on Wednesday overruled the government‘s decision to reserve the Gare Palma IV/6 and Utkal B blocks for the power sector.

'HC wants ex-allottees to be allowed to bid for own mines'

GD Mundra, director, Sarda Energy & Minerals believes the Delhi High Court wants prior allottees to be given an opportunity to bid for their own mine as based on them these companies have set up end-use plants.

Govt should take steps to protect local steel players: JSPL

The government of India needs to take steps to protect the domestic steel producers, says Ravi Uppal, MD & CEO, Jindal Steel & Power Limited.

Supplies from Sharda mines hinge on environment nod: JSPL

Ravi Uppal, managing director and CEO of JSPL says the plants are being run based on the inventory of iron ore lumps that it had, along with the supplies it is getting from the Tensa mine.

Confident of being allowed to participate in auction: JSPL

The government has proposed an ordinance to allow e-auction of mines to private players while adding that state-run companies would be allocated mines directly.

Investments worth around Rs 250,000 cr is at stake: JSPL

Post SC verdict on coal block allocation, JSPL cracked around 15 percent Monday. The stock has bounced back after two days of intense selling. It witnessed some buying at lower levels on Wednesday.

Expect 30% EBITDA margin, demand pick-up going ahead: JSPL

Demand is slowly picking up and by next year the capacity will increase by 10 percent, says JSPL's K Rajagopal.

Steel capacity to touch 8 mt by FY14-end: JSPL

For Jindal Power (JPL), Ravi Uppal expects the total capacity to go about 2,800 MW, after the commissioning of three units of 600 Mega Watts.

Don‘t expect high RoE from TN, Odisha UMPP: Jindal Power

Taking cue from previous projects, RS Sharma, MD, Jindal Power does not expect the two UMPPs to deliver high return on equity. He is also miffed with the operational note that requires 90 percent availability for 40-45 years. He says bidders are attracted despite all the risks document-wise.

Disappointed with deallocation of coal blocks by govt: JSPL

According to Ravi Uppal, JSPL in the whole industry is known do projects in shortest possible time. "We are considered to be an icon and if we cannot do that you can be assured nobody else can do better than us,” he adds.

See total power capacity of 2800 MW by April'14: JSPL

Ravi Uppal, MD, Jindal Steel and Power spoke about steel price, and the business outook going forward.

JSPL lauds coal auction to pvt cos; getting many nods snag

Starting physical production of coal from mines remains one of the biggest challenges and land acquisition could be the second stumbling block, says actually starting physical production of coal from mines remains one of the biggest challenges and land acquisition could be the second stumbling block

Buyback price of Rs 261 best offer in current set-up: JSPL

Ravi Uppal, MD & CEO of JSPL believes in today‘s conditions the buyback price of Rs 261 is the best value offered. He believes in today‘s conditions the buyback price of Rs 261 is the best value offered.

Will raise $100m via FCCB; cheer restart of mining: Guj NRE

Arun Kumar Jagatramka, MD, Gujarat NRE Coke expects the demand for coke to pick up on the removal of the ban on iron-ore mining in Karnataka. Speaking to CNBC-TV18, he adds that the company plans to raise upto USD 100 million via FCCBs to fund increase in capacity in India and meet capex requirements.

JSPL hikes steel product prices by Rs 500-Rs 1500

Jindal Steel and Power Ltd has increased steel product prices by Rs 500-Rs 1500 in April, following hike in raw material cost and some duties.

Ramchandi coal mine license critical for CTL plant: JSPL

Jindal Steel and Power today said that getting mining license for the Ramchandi coal mine located at Angul, Odisha is critical for the company‘s upcoming Coal-To-Liquid (CTL) plant.

Lack of transmission lines hampering power production: JSPL

Jindal Steel and Power has not been able to increase its power production and sales due to lack of new transmission lines, Sushil K Maroo Director & Group CFO says.

Budget 2013: Moderately pleased but more needs to be done, says JSPL

Ravi Uppal, MD, JSPL told CNBC-TV18 that the power projects have been facing several issues over the past two quarters. He expected the FM to speak more on lending rates in the Budget, as lower lending rates can further fuel investments.