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Special Court rejects Hindalco's case closure by CBI: Report

16 Dec 2014 Evaluate

A special court has reportedly rejected the Central Bureau of Investigation's (CBI) closure report in the Hindalco coal blocks allocation scam case. It ruled that a further investigation is required and sought statement of coal minister in the allocation of coal blocks.

The court was hearing a case in which an FIR was lodged against industrialist Kumar Mangalam Birla, former Coal Secretary P C Parakh and others relating to the allocation of Talabira II and III coal blocks in Odissa in 2005 to Hindalco. CBI had later on filed a closure report in the case.

Hindalco Industries, the metals flagship company of the Aditya Birla Group, is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

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Company Name CMP
Hindalco Industries 973.20
Vedanta 256.00
Hindustan Zinc 568.45
Jain Resource Recycl 274.70
CMR Green Tech 212.30
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