The Inter Ministerial Group (IMG), which is reviewing non-performing coal blocks, on Thursday, recommended deduction of bank guarantee for Jindal Steel &amp; Power’s (JSPL) Jitpur block (81 MT of geological reserves) allocated in February 2007. While no one can predict how things will eventually shape up given the public interest litigations filed in the Supreme Court regarding coal block allocations, for now this latest bit of news is positive for JSPL as it removes one of the key overhangs on the stock, feel analysts.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'>Jindal Steel & Power: Down but not out</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>Despite the near-term uncertainties, analysts remain positive on the company

The Inter Ministerial Group (IMG), which is reviewing non-performing coal blocks, on Thursday, recommended deduction of bank guarantee for Jindal Steel & Power’s (JSPL) Jitpur block (81 MT of geological reserves) allocated in February 2007. While no one can predict how things will eventually shape up given the public interest litigations filed in the Supreme Court regarding coal block allocations, for now this latest bit of news is positive for JSPL as it removes one of the key overhangs on the stock, feel analysts.

Jindal Steel & Power: Down but not out

Despite the near-term uncertainties, analysts remain positive on the companys long-term prospects and robust business model

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