Ministry to decide on delocating JSW's block

The Union Coal Ministry would soon decide on deallocating the Gaurangdih coal block awarded to Sajjan Jindal promoted JSW Steel. The inter-ministerial group (IMG), reviewing the progress of captive coal mines, may also recommend deallocation of this block. JSW will also have to forego its bank guarantee and the IMG would recommend deducting bank guarantee of Wani Coalfileds' Nerad Malegaon block. Contact: JSW Steel. Tel: 022-2351 3000. Website: www.jsw.in