Ministry cancels allocation of coal block to JSW Steel
Mint Mumbai|November 09, 2024
The Union coal ministry has annulled the allocation of the Banai-Bhalumunda coal block in Chhattisgarh to Sajjan Jindal-led JSW Steel over the non-payment of a performance bank guarantee worth about ₹1,000 crore.
Rituraj Baruah
Ministry cancels allocation of coal block to JSW Steel

As a result, JSW Steel also has to forfeit ₹100 crore bid security submitted by the company.

In a 7 November order, the nominated authority of the coal ministry said that JSW Steel failed to comply with conditions after the issuance of the vesting order, including payment of performance security or performance bank guarantee and had been seeking an extension of the deadline to comply with the conditions.

この記事は Mint Mumbai の November 09, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Mint Mumbai の November 09, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

MINT MUMBAIのその他の記事すべて表示
The lessons in long walks and reading
Mint Mumbai

The lessons in long walks and reading

AVP's head on mentorship and taking Ayurveda to a wider audience

time-read
1 min  |
January 13, 2025
How Employees Can Thrive in a Chaotic Workplace
Mint Mumbai

How Employees Can Thrive in a Chaotic Workplace

From embracing procrastination to more silence, a paradoxical mindset can help one thrive in a 'BANI' world

time-read
3 分  |
January 13, 2025
Can more time off help people destress?
Mint Mumbai

Can more time off help people destress?

Last month, home beauty services start-up YesMadam, in a social media post, announced the layoff of 100 employees who confessed to \"being stressed\" in an internal survey.

time-read
4 分  |
January 13, 2025
KlarifyLife by HDFC Life explores ambition, risk and success with Zouk and The Souled Store
Mint Mumbai

KlarifyLife by HDFC Life explores ambition, risk and success with Zouk and The Souled Store

Unlocking entrepreneurial journeys, financial insights and growth stories—as well as discussing what it takes to win over Indian consumers in the D2C landscape—with Disha Singh, co-founder of Zouk, and Harsh Lal, co-founder of The Souled Store

time-read
4 分  |
January 13, 2025
TikTok's founder Zhang has a formula for everything. Can it crack the Supreme Court?
Mint Mumbai

TikTok's founder Zhang has a formula for everything. Can it crack the Supreme Court?

As the court weighs a ban on the video-sharing app in the US, no one has more to lose than Zhang Yiming

time-read
5 分  |
January 13, 2025
Warren Buffett prepares his middle child for the job of a lifetime
Mint Mumbai

Warren Buffett prepares his middle child for the job of a lifetime

At Berkshire, Buffett has long said he wants his middle child, Howie, to succeed him as non-executive chairman

time-read
9 分  |
January 13, 2025
A bond selloff is rocking the world. You might want to take the other side.
Mint Mumbai

A bond selloff is rocking the world. You might want to take the other side.

Wall Street is really worried about bonds. It might be time to buy some.

time-read
3 分  |
January 13, 2025
Mint Mumbai

Adani to invest in Chhattisgarh biz

Industrialist Gautam Adani on Sunday called on Chhattisgarh chief minister Vishnu Deo Sai and announced an investment of ₹65,000 crore in the Adani Group's energy and cement projects in the state, officials said.

time-read
1 min  |
January 13, 2025
India's coal imports rise 2% in Apr-Nov
Mint Mumbai

India's coal imports rise 2% in Apr-Nov

India's coal imports rose 2% to 182.02 million tonnes in the April-November period of the current fiscal year.

time-read
1 min  |
January 13, 2025
Mint Mumbai

IBREL-Embassy merger approved

In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal National Company Law Appellate Tribunal (NCLAT) has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the National Company Law Tribunal (NCLT) order stalling the process.

time-read
1 min  |
January 13, 2025