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| Exchange Disseminated Time | Mukand Ltd has informed BSE that the Company had signed on September 01, 2008, Joint Venture Agreement with Vini Iron & Steel Udyog Ltd. for captive mining of coal block in the State of Jharkhand as per the letter for allocation of coal block issued by Government of India, Ministry of Coal.
In this regard, the Company has informed that, the Company has now received a letter dated February 17, 2014 from the Ministry of Coal, Government of India on February 24, 2014 conveying decision of the competent authority to de-allocate forthwith Rajhara North (Central & Eastern) Coal Block, in the State of Jharkhand. This letter dated February 17, 2014 was also published on the website of the Ministry of Coal, Government of India on February 18, 2014.
The Company has filed a writ petition bearing W.P. (C) No. 1131 of 2014 before the Hon’ble High Court of Jharkhand at Ranchi challenging the de-allocation of aforesaid Coal Block by the Ministry of Coal, Government of India on February 24, 2014. The writ petition is yet to be heard by the Hon’ble Court.
Further the Company has informed that, the aforesaid development will not impact the current operations of the Company. |
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