Business »  Topic »  Stock corner: Reiterate ‘Buy’ on JSPL with SOTP-based target price of Rs 175

Stock corner: Reiterate ‘Buy’ on JSPL with SOTP-based target price of Rs 175


Odisha has claimed that transportation of material forms part of mining activity (according to the MMDR Act) and necessitates an environment clearance for the mine.

This claim has been challenged by the Odisha government in the SC (Odisha High Court had ruled in favour of JSPL).

The Supreme Court (SC) has deferred its verdict on JSPL’s case related to the offtake of iron ore from the Sarda mines. As a backdrop, we note that operations at the Sarda mines have been shut since 2014. JSP, though, had made payment for ~12mt of iron ore (mainly fines) to Sarda and ...


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