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No Irregularities In Allocation Of Ramchandi Coal Block To JSPL, Says CVC
The Central Vigilance Commission (CVC) has on Tuesday endorsed the view of Central Bureau of Investigation (CBI) that there are no indiscretions in the allocation of Ramchandi coal block to Naveen Jindal-led Jindal Steel & Power (JSPL) in Odisha.

The Central Vigilance Commission (CVC) has on Tuesday endorsed the view of Central Bureau of Investigation (CBI) that there are no indiscretions in the allocation of Ramchandi coal block to Naveen Jindal-led Jindal Steel & Power (JSPL) in Odisha.

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The Supreme Court said that the CVC has accepted the view of the CBI. The apex court also said that in the coal-to-liquid projects, no irregularities have been found and accordingly, observations of the CVC are taken on record.

Reportedly, the apex court in its notification  also said, “No further orders are required to be passed on this note.”

The final hearing will take place on August 2.

In 2014, the Supreme Court verdict had led to de-allocation of Jindal Steel & Power’s coal block in Odisha where the company had planned to have a coal-to-liquid (CTL) project investing Rs 60,000-crore.

Two coal blocks were allocated to JSPL in Odisha. While block at Ramchandi in Talcher coalfield was linked to the CTL plant, Utkal B-1 block was being developed for the steel project.