In 2010, Nav Bharat sold its Rampia coal block to Essar Power after allegedly undervaluing it to help Essar.
New Delhi: In more developments in the coal block allocations controversy, souurces have told IBN Network that Nav Bharat Power, one of the companies that got coal blocks could be a front company for Essar Power.
The CBI on Tuesday filed five FIRs against 5 private companies.
In 2010, Nav Bharat sold its Rampia coal block to Essar Power after allegedly undervaluing it to help Essar.
Nava Bharat allegedly then sold the stake worth 85 crores at Rs 12 crore.
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