Jindal Steel and Power (JSPL) MD & CEO Ravi Uppal said the Ramchandi coal block in Odisha was never used by the company. However, the proposed coal-to-liquid project based on that block was cancelled post deallocation of the block by the Supreme Court in 2014. Earlier this week, the Central Vigilance Commission (CVC) endorsed Central Bureau of Investigation's (CBI) view that were no irregularities in the allocation of Ramchandi coal block. In an interview with CNBC-TV18, Uppal said that the deal with JSW Energy is progressing very well and they will close it in two years and also expect more power purchase agreements in coming six months.
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