Jindal Steel and Power (JSPL) on Tuesday refuted charges made by Arun Kumar Jagatramka, the erstwhile promoter of Gujarat NRE Coke, in a letter to the Securities and Exchange Board of India (Sebi) that JSPL is not reporting hurdles faced by it in the Russelvale and Wongawilli mines in New South Wales, Australia. JSPL informed the stock exchanges that the charges are “frivolous” and that the company has not “concealed” any information.
“We understand our responsibility and accountability that comes with it and always abide by all regulations/laws, and as a law abiding corporate, we have never concealed anything and have kept all the stakeholders timely informed about all developments/changes that have happened so far,” JSPL said in a filing.