The Economic Times reported that many companies’ corporate plans have been affected by the Indian coal ministry’s search for files related to the Coalgate case. The ministry said recently that it has been able to trace the majority of the documents.
As quoted in the market news:
Documents of blocks allocated to companies like AMR Iron & Steels, Pushp Steel & Mining, Rajasthan Rajya Vidyut Nigam, Adhunik Corporation, Uttam Galva Steels and J.K.Cement Ltd and ACC Ltd are waiting to be processed.
The coal ministry officials expect things to worsen if CBI files FIR for missing documents.
‘There is lot of pressure on us. There have been orders from the coal secretary to locate all files and hand them over to CBI as soon as possible. All other work has come to a grinding halt,’ a senior coal ministry official said.