A consortium of eight banks led by the State Bank of India (SBI) has asked the Supreme Court to implead it as a part in the mining case related to Jindal Steel and Power (JSPL), in a bid to recover outstanding dues worth Rs 7,400 crore.
Analysts estimate close to 10 million tonne of iron ore was lying idle at these mines after the ban which was imposed a couple of years ago.
Jindal Steel & Power (JSPL) is under scanner for buying ore below market rates, reports CNBC-TV18.