Apex Court did not grant any stay order on the SLP during the hearing held in the Supreme Court a couple of days back, regarding the SLP (Special Leave Petition) filed by the Odisha government against Odisha HC order of allowing JSPL to lift its iron ore stock from Sarda Mines.
Jindal Steel & Power (JSPL) finally got something to cheer on as it had been trying hard quite long for obtaining permission to lift its purchased iron ore stock lying at Sarda Mines.
A company official in conversation with SteelMint shared – “Now, JSPL has to respond to the SLP in the next hearing which is expected to be held in the coming days. Since Supreme Court has not granted any stay order it means Odisha govt. seems to have no other option but to allow JSPL to allow lifting of stocks from Sarda mines”.
JSPL- Sarda mines case history at a glance:
- Owing to lack of necessary clearances, Sarda mines was closed in Apr’14
- 8 Apr’16 – Odisha High Court ordered JSPL to lift its iron ore stocks lying at Sarda mines
- 13 Jul’16 – Odisha High Court directed the state government to allow JSPL to fast track the procedures and allow the steel maker to lift iron ore stock lying at Sarda mines within 4 weeks
- In mid Jul’16, Odisha government was making plans to file SLP against Odisha HC order
- Towards the beginning of Aug’16 it was reported that Odisha government had already filed SLP against state HC order on lifting stocks from Sarda Mines
Sarda Mines has iron ore inventory that amounts to more than 10-11 MnT. Hence, this positive development might give a big relief to the steel maker in terms of iron ore sourcing as its currently operational Tensa mines is not enough to meet its requirement and the steel maker is dependent on Odisha merchant miners for rest of iron ore sourcing.
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