JSPL Bought Iron Ore Below Market Price: Inquiry Panel

摘要

Naveen Jindal's flagship Jindal Steel and Power is under the scanner for allegedly accessing iron ore from Sarada Mines, the group's m ining associate, at rates below the market price, thus depriving the Odisha state government of royalty at actual market rates. The rates charged for the ore, which JSPL processed largely for its own use, were about one-tenth the prevailing market price for processed iron ore in 2008-09, an inquiry report by a five-member committee has stated.