Business Standard

Sunday, December 22, 2024 | 06:06 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

HC quashes Jindals' 2 coal block bids

The order has come as a legal endorsement of the NDA government's auctioning of coal mining rights

A worker carries a container filled with drinking water at a railway coal yard on the outskirts of Ahmedabad. Photo: Reuters
Premium

A worker carries a container filled with drinking water at a railway coal yard on the outskirts of Ahmedabad. <b>Photo: Reuters</b>

Shreya JaiSayan Ghosal New Delhi
In a setback to Naveen Jindal-controlled Jindal Power (JPL), the Delhi High Court (HC) on Thursday declared the company as the unsuccessful bidder for two coal blocks. The order has come as a legal endorsement of the National Democratic Alliance (NDA) government’s auctioning of coal mining rights. There were two other breakthrough orders associated with the coal block e-auction held in 2015-16.

The first case pertained to the two coal blocks — Tara in West Bengal and Gare Palma IV/2&3 in Jharkhand. Though JPL emerged the winning bidder, the coal ministry did not approve the bids received for these coal

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in