The Odisha government have
asked to stop iron ore production at Thakurani mine in Keonjhar district
belonging to Sarda Mines Pvt Ltd on violation of Rule 37 of Mineral Concession
Rules, 1960. Sarda Mines sells the entire output from the mine to the Jindal
Steel & Power (JSPL). However, JSPL has denied the news.
The enquiry going against Sarda Mines with regards to loss of
VAT & Royalty to the state and violation of Rule 37 of MCR, 1960 will
continue to play an overhang on the stock. A detailed report with further
details on the above matters is to be submitted to the Mines Ministry, Odisha
within a month after another visit to the mines. The committee had submitted its
report on the above issues to Odisha Steel & Mines department based on the
visit conducted on August 4, 2011.
Sarda
Mines met more than 60% of iron ore requirement of JSPL
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