Business

Jindal Steel Denies CBI Charges, Says Allocation Made On Merit

NEWS WORLD INDIA | 0
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| April 29 , 2015 , 22:37 IST
jspJindal Steel on Wednesday strongly and unequivocally refuted the allegations made by CBI in its charge sheet about allocation of a coal block and said the company will be availing appropriate remedy in accordance with the law.
In a statement, spokesperson for Jindal Steel and Power Limited said, "We are shocked to know from the media about filing of a charge sheet by CBI with respect to allocation of a coal block."
The company made it absolutely clear that the allocation was made to it on merit. "During the course of the investigation the company and its officials fully co-operated with the authorities, and whenever asked, explained and provided all the supporting documents," it said.
Refuting all the allegations made against the company, the spokesperson said, "We will be availing appropriate remedy in accordance with law. We have full faith in our judiciary and are confident  to come out clean during the process."
JSPL has created a world class steel manufacturing and power generation infrastructure in Odisha, Chhattisgarh and Jharkhand.
The company has created over 20,000 jobs and anchors an employment eco-system for 50,000 families.