The Hindu Business Line : SAIL director goes on leave

NEW DELHI: The Steel Authority of India Ltd (SAIL) Director (Commercial), Mr S.K. Roongta, has proceeded for a month long leave following preliminary enquiries by the Ministry of Steel regarding SAIL's purchases of coal.

A number of coal purchase transactions between April to August 2004 in the US spot market were being looked into by the Steel Ministry.

It has been alleged that though coal was available at a much lower price, the public sector steel manufacturer had actually made purchases at a price that was more than 100 per cent higher.

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