Govt should not hoard mines: Naveen Jindal

Wednesday, 9 December 2020Newsdesk

Jindal Steel and Power LtdChairman Naveen Jindal on Wednesday said the Union government should not "hoard" mines and create artificial scarcity, putting up only a few blocks for auction.

New Delhi, 09 December 2020

As per news report of PTI, Naveen said India being a very competitive market, such scarcity leads to intense bidding and unsustainable valuation."Government has taken care of a lot of challenges, and commercial mining was a bold move... It should help the sector... But, the government cannot hoard blocks and create artificial scarcity," Jindal said at the Bengal Chamber of Commerce-organised virtual mining conclave.

Source -PTI