JSW Steel is learnt to have submitted its resolution plan along with AION Capital
The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
Prabhu asks Indian Railways to save Rs 5,000 cr on energy bill.
Company looking for acquisition of coal properties abroad.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
What was he doing for past few years, when all this happened?" BJP MP Anurag Thakur said.
The BJP accused the Congress leader of playing politics in the matter.
The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
Political stability and a couple of big projects are pluses, but focus on medium and small industries is still missing.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
Dr Manmohan Singh's role in the sordid saga of the Coal Allocation Scam was always Delhi's worst-kept secret; calls for his interrogation will mushroom after he was named by P C Parakh, says T V R Shenoy.
Though the current National Democratic Alliance government has not endorsed the figure, it has not even repudiated it.
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