Coal news and updates

Naveen Jindal hopeful of justice from Supreme Court in coal block case

Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal today said his company has done good work and expressed confidence it would get justice from the Supreme Court in the coal block allocation case.

"I have full faith in judiciary and I respect it. We will definitely get justice. We have done a lot of good work," Jindal told reporters here on the sidelines of a Coal Summit organised by Indian Chamber of Commerce.

The Supreme Court had on September 9 reserved its order to decide the fate of 218 coal block allocations held as illegal by it.

The Coal Ministry had allocated JSPL captive coal blocks for its end use plants like Utkal B-1 in Odisha and Jitpur in Jharkhand.


Jindal also said that there was a need to increase coal production so that 24x7 electricity can be provided to the people.

He said India has such huge reserves of coal that there is no need to import the dry fuel.

"Today a lot of foreign exchange goes on the coal we import," he added.
Replying to a question on the company's expansion plans he said, "We have already expanded and right now we are focusing on how to consolidate it".

Source: ET