India: The Indian Coal Ministry has deducted Jaypee Cement’s bank guarantee for a lease for a planned coal mine. The Hindu newspaper has reported that the project is among 44 others penalised for delays in operation or missing production targets. UltraTech Cement also received a show cause notice regarding adherence to its timeline at one of its coal blocks.

Jaypee Cement loses government guarantee for coal mine loan
URL: https://globalcement.com/news/item/14422-jaypee-cement-loses-government-guarantee-for-coal-mine-loan
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