"The Company has handed over the Parbatpur coal block along with other assets with effect from April 1, 2015 to (GM) Eastern Jharia area of BCCL as per the direction from Coal India Ltd (CIL)....," Electrosteel Castings said in a filing to BSE.
Parbatpur mine one of those blocks whose allotment was cancelled by the Supreme Court last year
Electrosteel Castings had earlier sought government's permission to dispose of its washery rejects and inferior ungraded coal stating that it has to pay huge capital as penalty following the Supreme Court's cancelling the allocation of coal blocks.
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