JSPL, JPL pay Rs 3,089 crore additional levy to govt

Jindal Steel and Power (JSPL), along with its subsidiary Jindal Power, has deposited Rs 3,089.25 crore as additional levy to the government, as per the Supreme Court directions in coal block allocation scam.

While JSPL has deposited Rs 1,989.83 crore; Jindal Power has paid Rs 1,099.41 crore, JSPL said on Wednesday.

This will clear the way for the two firms to participate in the auctioning of coal mines.
While quashing allocation of 214 out of 218 coal blocks alloted to various companies since 1993, the apex court had in September also directed allottees to pay an additional levy of Rs 295 a tonne of coal extracted to compensate financial loss caused to the exchequer by the “illegal and arbitrary” allotments.

Jindal Power operates two coal blocks (Gare Palma IV/2 and IV/3) and JSPL one block (Gare Palma IV/1) in Chhattisgarh.