Cos inflated networth to bag blocks

A company named in CBI case in coal block allocation scam had allegedly projected a net worth of Rs 1 lakh crore by showing short term MoUs with two international power majors at the time of applying for blocks.

CBI sources claimed that its probe has shown that Navbharat Power Private Limited had allegedly shown inflated financial strength to bag two coal blocks, Rampia and dip side of Rampia in Odisha by entering Memorandum of Understanding(MoU) for short periods with two different foreign companies at different stages.

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