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Monnet Ispat & Energy

The CBI has filed its charge sheet in an ongoing coal scam case probe against Monnet Ispat & Energy Ltd, its chairman cum managing director Sandeep Jajodia and senior vice president Amitabh Mudgal for alleged irregularities in allocation and running of Gare Palma and Rajgamar Dipside coal blocks in Chhattisgarh, officials said Friday. After over six years of investigation, the CBI has invoked IPC sections related to criminal conspiracy and criminal breach of trust against the company, Jajodia and Mudgal. Submitting its findings before a special court in its charge sheet last week, the CBI said it has kept the probe open to investigate larger conspiracy in the case and the role of government officials, they said. Queries sent to the company seeking reaction remained unanswered. This is one of the alleged coal scam cases arising out of irregular allocation of coal blocks during 1993-2005. The CBI had registered a preliminary enquiry on September 26, 2012 to look into the ...

Updated On: 16 Feb 2024 | 4:17 PM IST

The net debt of JSW at the end of December quarter was at Rs 49,552 crore

Updated On: 09 Mar 2020 | 10:34 PM IST

JSW's second-quarter results presentation mentioned that steel making operations were impacted by earlier announced maintenance shutdown and repairs

Updated On: 30 Dec 2019 | 11:49 PM IST

The third of a four-part series on the Insolvency and Bankruptcy Code takes a look at how the steel firm's turnaround plan was to be undertaken in phases

Updated On: 06 Nov 2019 | 1:44 AM IST

The stock locked in upper circuit for the 15th straight session, up 5% at Rs 45.85, surging 105% from Rs 22.30 since September 14, 2018 on the BSE.

Updated On: 09 Oct 2018 | 1:14 PM IST