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| Updated on February 19, 2015 Published on February 19, 2015

Jaiprakash Associates Ltd has informed BSE that:

"As you are kindly aware, coal is one of the essential fuels for any cement plant. The Company had been procuring the coal to meet its requirements through various sources including import and was also developing Mandla North Coal Block in the State of Madhya Pradesh as an additional source. However, Hon’ble Supreme Court of India had cancelled various coal blocks including the aforesaid Mandla North Coal Block and ordered auction of the same.

The Company is participating in e-Auction of coal blocks conducted by the Nominated Authority of the Ministry of Coal, Government of India. As per the website of the MSTC Limited, the Company’s bid for Mandla North Coal Block at Rs. 2505 per MT was found to be the highest.

However, a formal communication vesting the said Coal Block in our favour is expected in due course of time."

Source : BSE - www.bseindia.com

Published on February 19, 2015
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