New Delhi: JSW Steel has put on hold plans to set up a 10 million tonnes steel plant in West Bengal as it has not been able to secure long-term iron ore supplies for the Rs 35,000 crore project.
"It is stalled right now, it's on hold. Unless we are going to fix the iron ore matter, unless we have the visibility of iron ore, we can not move ahead. It's on hold," JSW Chairman and Managing Director Sajjan Jindal told reporters.
JSW is working with the Centre and state government to secure iron ore mining lease, he said, adding, long-term visibility of iron ore is required to begin construction of the plant. When asked about any timeline for the project, he said: "Nothing (is) in my control. The project is stalled at the moment."
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01:55 PM, Apr 28, 2013
New Delhi: Hit hard by rising interest burden and lower sales realisations, Jindal Steel and Power's (JSPL) consolidated net profit fell by nearly 35 per cent to Rs 760.27 crore for the quarter ended March 31, 2013. The company, headed by Naveen Jindal, had reported a net profit of Rs 1,167 crore in same quarter of FY'12. Net sales during the fourth quarter of 2012-13 reported a meagre growth of...
12:30 PM, Apr 26, 2013
The Supreme Court on Tuesday issued notices to Congress MP Naveen Jindal and the Centre on Zee Group's plea for transfer of alleged extortion case investigation against it from Delhi Police to another agency. ...
06:29 PM, Feb 12, 2013
A Delhi court on Wednesday took cognisance of Zee Business Editor Samir Ahluwalia's criminal defamation complaint against Naveen Jindal, his firm Jindal Steel and Power Ltd (JSPL) and its 14 officials. Metropolitan Magistrate Navita Kumari took cognisance of the complaint and listed the matter for recording of pre-summoning evidence in the matter on March 8. ...
05:12 PM, Jan 09, 2013
A court here on Thursday told the Delhi Police to give ten working days time to Zee Group Chairman Subhash Chandra and his son if it wants to arrest them in the case of alleged Rs 100 crore extortion bid from Congress MP Naveen Jindal's firm by two editors of the news channel. "You (crime branch of Delhi Police) proceed with the investigation, the moment you get evidence against them...
05:55 PM, Dec 20, 2012
A Delhi court on Friday granted interim protection from arrest to Zee Group chairman Subhash Chandra and his son and MD Puneet Goenka in the Naveen Jindal extortion case. The duo cannot be arrested until December 20, which is the next date for hearing of their anticipatory bail plea. ...
12:01 PM, Dec 14, 2012
The two-day police custody of Zee editors Sudhir Chaudhry and Samir Ahluwalia will end on Monday. The crime branch will continue to interrogate Zee owner Subhash Chandra. He was questioned for about seven hours on Sunday. Speaking to the media he said he had no knowledge of the deal to extort money from Jindal Steel till the October 7. ...
07:14 AM, Dec 10, 2012
Zee Group Chairman Subhash Chandra was questioned by the Delhi Police for the second day on Sunday in connection with the alleged Rs 100 crore extortion bid from Congress MP Naveen Jindal's company and denied any knowledge about the deal being worked out by his men. After the grilling ended at 8.30 pm, he told reporters that the questioning "has ended as of now" and he would cooperate with the...
09:51 PM, Dec 09, 2012
Zee Group Chairman Subhash Chandra and managing director Puneet Goenka will be questioned by the Crime Branch of Delhi Police on Saturday in connection to the alleged 100 crore rupee extortion case filed by the Jindals. ...
07:59 AM, Dec 08, 2012
Delhi Police on Tuesday told a court here that it would need the custody of two Zee News channel editors to confront them with group Chairman Subhash Chandra and his son in the case of their alleged bid to extort Rs 100 crore from a Congress MP Naveen Jindal's group firm. ...
10:51 PM, Dec 04, 2012
A Delhi court on Monday dismissed the bail plea of two Zee News editors facing charges of extortion bid against Congress MP and industrialist Naveen Jindal's Jindal Steel Power Limited (JSPL). The duo, Sudhir Chaudhary and Samir Ahluwalia, was accused by Jindal of trying to extort Rs 100 crore from the company to not air negative stories over its alleged involvement in the coal blocks allocations controversy. ...
08:21 PM, Dec 03, 2012
The bail plea of two senior editors of Zee news, Samir Ahluwalia and Sudhir Chaudhary, will come up in a Delhi court on Saturday. They were both sent to 14-day judicial custody on Friday in the Rs 100 crore extortion case filed by the Jindal Group. ...
09:32 AM, Dec 01, 2012
The two senior editors of Zee News, Sudhir Chaudhary and Samir Ahluwalia, were on Friday sent to judicial custody till December 14 in connection with the Jindal Group extortion case. The duo has filed a second bail plea that will come up for hearing on Saturday. ...
04:00 PM, Nov 30, 2012
Mumbai: The Bombay High Court on Tuesday directed Congress MP Naveen Jindal-owned Jindal Steel and Power Ltd, which has filed a Rs 200 crore defamation suit against a news channel, to submit the transcripts and records of the 'sting operation' on alleged extortion demand made by the channel. The order was passed by Justice SJ Kathawalla, who was hearing the defamation suit filed by JSPL against Subhash Chandra, Puneet Goenka,...
09:46 PM, Oct 30, 2012
New Delhi: Zee News on Saturday sent a defamation notice of Rs 150 crore to Naveen Jindal accusing his press conference on a sting operation conducted by his company, Jindal Steel and Power Ltd, on the TV channel, as an attempt to divert attention from demand for independent probe in the coal blocks allocations controversy. Naveen Jindal had filed an extortion case against Zee News, accusing the channel of demanding...
01:13 PM, Oct 27, 2012
New Delhi: The demand for an independent inquiry on the media has grown after Congress MP and industrialist Naveen Jindal released a video accusing Zee TV of extortion. Jindal did a reverse sting operation on Zee TV, showing the media giant demanding advertising commitments in exchange of burying negative coverage on Jindal's company. Press Council of India chairman Justice Markandey Katju said, "Let an independent statutory body monitor the media,...
07:42 AM, Oct 26, 2012
The Income Tax department on Thursday began probe into BJP President Nitin Gadkari's Purti Power and Sugar Ltd (PPSL). I-T authorities said they will also probe source of funds of the 18 companies that invested in Purti. Prima facie evidence suggested that shell companies had invested in Purti. Sources said that if necessary Gadkari might also be summoned in the case. ...
10:25 PM, Oct 25, 2012
New Delhi: The News Broadcasting Standards Authority (NBSA) on Friday took up Jindal Steel's complaint against Zee News. Jindal Steel had filed an extortion case against the television news channel with the Press Council of India. However, in a press release, NBSA said, "The complaint filed by Jindal Steel Ltd regarding telecast of news with regard to allocation of coal blocks and other issues on Zee News, Zee Business and...
09:45 PM, Oct 19, 2012
New Delhi: Congress MP Naveen Jindal on Monday denied that his company was allotted a coal block in violation of government norms, saying his company had the technology to convert coal into liquid fuel. Jindal said that the government had invited 28 companies, of which only two had the experience to convert coal to liquid fuel and according to him, his company, Jindal Steel and Power Limited, had the best...
07:30 PM, Sep 10, 2012
New Delhi: The Inter-Ministerial Group (IMG) on coal blocks allocations will submit its report to the Coal Ministry of India on Monday as its three-day review of 29 private sector allottees, including Jindal Steel and Power and others in which relatives of politicians held positions, have concluded. "All the coal blocks on agenda for three days (September 6-8) have been reviewed," Zohra Chatterji, Additional Secretary in the Coal Ministry who...
10:44 AM, Sep 10, 2012
