In a press statement, the company said "JSW Steel reiterates it has not done any illegal activity nor connected with any wrong doing. It has full faith in the judicial process and its books are open and it will fully co-operate with the investigating agencies".
Seshagiri Rao, Joint MD & Group CFO, said the Group follows highest standards of corporate governance. JSW Steel is in fact the victim of alleged illegal mining, it said.
JSW Steel Ltd, belonging to JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world.
The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology.