SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Supreme Court upholds cancellation of 6 mining firms' lease order

26 Jul 2012 Evaluate

In a major blow to private mining companies, Supreme Court has upheld the Jharkhand high court’s order regarding the cancellation of six mining leases, which were allotted to these companies by the Sibhu Soren government. These six mining companies namely are Monnet Ispat Energy, Prakash Ispat, Adhunik Alloys and Power, Abhijeet Infrastructure and JSW Ispat.

Validating the rights of government to reserve mines for public sector unit, the Supreme Court has seconded the cancelation orders of mining leases at Ghatkuri hills in Jharkhand by its government.

Earlier in the month, Union Rural Development Minister Jairam Ramesh averred that mining leases of the private companies for the Saranda Range in Jharkhand should be cancelled, and no further lease should be issued to any of these companies, on background of Maoists privately keeping a hold on these companies, in order to collect huge levies.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×