Action Against JSPL & Tara Coal Block's Transfer To Coal India Stayed By Court
- 9 years ago
In a glimmer of hope for JSPL, the Delhi High Court has stayed the government's decision to re-allocate Tara coal block to Coal India. It has also asked the Centre to explain why JSPL's winning bid was scrapped. The JSPL stock got hammered in the morning trade yesterday on the back of this news, tanking as much as 15% Experts say the fight may have only begun, and this could well be a test case for the government. Here’s a detailed report on the new twists and turns in the coal auction process! Tune right in.