Companies

Mining case: JSW Steel clarifies on apex court panel reports

Priya sundarajan | | Updated on: Apr 23, 2012

JSW Steel on Monday clarified that the Central Empowered Committee (CEC) reports against the company are yet to be considered by the Supreme Court.

Reportedly, the Supreme Court appointed-CEC had submitted its report dated April 20, recommending extension of scope of CBI investigation against JSW Group.

“JSW Steel (with no captive mines) is not connected with any of the alleged mining activities. The company or any of its group companies have not obtained any benefits from the genuine expenditure incurred either towards philanthropic and social causes for which the Group is committed to or in purchase of land for corporate purposes,” a company spokesperson said.

To protect the interest of all its stakeholders, the company would file its objections to the CEC report before the Supreme Court and contest the recommendations of the CEC before the Court in appropriate time, the spokesperson added.

Published on April 23, 2012

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