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Jindal Steel stock closes 4.16% lower on CBI chargesheet

The Jindal Steel stock closed 4.16 per cent lower on the BSE. The Sensex closed over 214 points lower at 27,011.

BT Online Bureau   New Delhi     Last Updated: April 30, 2015  | 16:25 IST

The Jindal Steel stock fell on Thursday after the Central Bureau of Investigation (CBI) filed a chargesheet against Congress leader and industrialist Naveen Jindal in connection with the Amarkonda Murgadangal coal block allocation scam.

The stock closed 4.16 per cent lower on the BSE. The Sensex closed over 200 points lower at 27,011.

The Central Bureau of Investigation (CBI) filed a charge sheet against Congress leader and prominent industrialist Naveen Jindal, former minister of state for coal Dasari Narayan Rao, former Jharkhand chief minister Madhu Koda and former coal secretary HC Gupta and 12 others on Wednesday in connection with the Amarkonda Murgadangal coal block allocation scam.

In a statement issued after the CBI filed the chargesheet against the company, JSPL in a statement to the BSE said, "We are shocked to know from the media about filing of a charge sheet by the CBI with respect to allocation of a coal block. The company claimed 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. We deny all allegations made against our company and its management. 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."

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