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    • Delhi HC upholds govt decision to cancel JSPL coal block bids

      In a setback to Jindal Steel and Power (JSPL), the Delhi High Court has upheld the decision of the government to cancel Jindal Power's bid for the Gare Palma and Tara blocks.

    • Deal with JSW Energy progressing well; more PPAs expected: JSPL

      Specifically talking about Ramchandi coal block, the MD & CEO of Jindal Steel & Power (JSPL), Ravi Uppal said that the coal block was never used by the company. However, the project related to that was cancelled post deallocation of the block.

    • Auction coal from Chhattisgarh, let JPL bid: HC to CIL

      Delhi High Court on Friday directed Coal India Ltd (CIL) to dispose of the coal it was mining from two Chhattisgarhmines through a fresh e-auction in which Jindal Power Ltd (JPL) was permitted to participate.

    • JSPL moves Delhi HC against cancellation of bids

      The company‘s primary contention is that despite the cancellation there has been no reasonable rationale offered by the government.

    • JSPL tanks 15% after govt cancels bids for 3 coal blocks

      Shares of Jindal Steel & Power plunged 15 percent in early trade Monday after the government rejected three successful bids in the recently-concluded coal block auctions.

    • Govt cancels 4 winning coal bids by JSPL, Balco

      The ministry had examined nine blocks whose surprise low bids prompted the designation "outliers". But bids for five of those mines were accepted, Coal Secretary Anil Swarup said in a tweet message early on Saturday.

    • Sensex up 299 pts ahead of Fed meet; banks, metals shine

      The market managed to recoup some of its losses on Tuesday with the Sensex scoring a 1 percent on short covering and ahead of beginning of two-day Federal Reserve meeting. However, the index shed 493 points in previous two sessions.

    • IMC submits recos on 3 coal block re-auctioning

      The central government will be taking the final decision on whether to re-auction these three coal mines or not based on the report submitted by the committee.

    • 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.

    • Monnet Ispat jumps 16% on coal block win in Chhattisgarh

      The government was successful in selling all the 19 mines in the first lot of auction which began on February 14. Hindalco has bagged the maximum number of mines in the first phase of auction, winning three that includes two in Chhattisgarh and one in Jharkhand.

    • Stop captive mining & monopoly consumption rights

      The policy of captive mining needs to end. The purpose of policy should be to open up energy markets, not close them down by giving consumers monopoly consumption rights in the form of captive mining leases.

    • JSPL #WontGiveItBack: Gare Palma a crucial win for co

      Amid mounting concerns over whether power companies were spreading themselves too thin while bidding for blocks in the ongoing coal auction, a subsidiary of Jindal Steel and Power pulled off a sizzling win by bagging rights to explore Gare Palma IV/2 and 3 mines in Chattisgarh at a cost of a mere Rs 108 per metric tonne.

    • 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.

    • Essar bags Tokisud North coal block for record Rs 1110/tn

      Essar Power has won the Tokisud North coal block in Jharkand for Rs 1,110 per tonne. This is a record for blocks awarded to the regulated power sector.

    • 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.

    • Committee to review coal mines disallowed for auction: Govt

      Stating the Delhi High Court‘s ruling to remove two coal blocks from ongoing coal auction will not impact it, Coal Secretary Anil Swarup today said that while the government was fully prepared to contest such cases, it had not yet taken decided whether to move the Supreme Court to contest the decision.

    • Coal ordinance lacks clarity, says Delhi high court

      Delhi HC made these observations while hearing Jindal Steel and Power Ltd (JSPL) and its promoter Naveen Jindal‘s petition challenging the change of end-use of two coal blocks in Odisha and Chhattisgarh, which were earlier allocated to it.

    • Fierce bidding likely for Gare Palma 2 & 3 coal block

      Gare Palma 2 & 3 has a capacity of 6.25 MTPA in Chattisgarh. The coal block was earlier allocated to Jindal Steel and Power.

    • Sarda Energy pays Rs 122.69-cr additional levy to govt

      While quashing allocation of 214 out of 218 coal blocks alloted since 1993, the apex court had in September last year also directed allottees to pay an additional levy of Rs 295 a tonne of coal extracted to compensate financial loss caused to the exchequer by the "illegal and arbitrary" allotments.

    • Reduce JSPL, target Rs 160: Murtuza Arsiwalla

      Murtuza Arsiwalla, Senior Analyst at Kotak Institutional Equities has reduced rating on Jindal Steel & Power with a target price of Rs 160.

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