JSW Steel Ltd.

JSW Steel has lost a coal block in West Bengal, as government cancelled the allocation of the Gourangdih ABC block in West Bengal’s Raniganj coalfields. The said coal block, being developed by JSW Steel and Himachal Emta Power, was recommended for de-allocation by an inter-ministerial group (IMG) looking into irregularities in the allocation of coal blocks.

As per the government auditor JSW Steel and Himachal Emta Power, allottees of the block, might have accrued undue benefit to the tune of Rs 1,818 crore. Inter-Ministerial Group (IMG) is scrutinizing 29 blocks awarded to the private parties out of the total 58 which were given show cause notices for delays in development and some of these find mention in CAG report.

Till the date coal ministry has cancelled the allocation of five blocks Bramhadih by Castron Mining, Chinora and Warora (south) by Fieldmining and Ispat, Lalgarh (north) being developed by DOMCO Stainless Fuels and JSW’s Gourangdih block.