As a result, JSW Steel also has to forfeit ₹100 crore bid security submitted by the company.
In a 7 November order, the nominated authority of the coal ministry said that JSW Steel failed to comply with conditions after the issuance of the vesting order, including payment of performance security or performance bank guarantee and had been seeking an extension of the deadline to comply with the conditions.
This story is from the November 09, 2024 edition of Mint Mumbai.
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This story is from the November 09, 2024 edition of Mint Mumbai.
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