IRL 0.00% 0.0¢ india resources limited

Indian Supreme Court cancels 214 coal scandal permits "The court...

  1. 133 Posts.
    Indian Supreme Court cancels 214 coal scandal permits





    "The court scrapped 214 of 218 licences awarded from 1993-2010 after finding they had been awarded illegally"


    http://www.bbc.com/news/world-asia-india-29339842

    I don't know about you guys, but I see this as the turn around for doing things the RIGHT way. The reason IRL has had such a hard time is because of how things have been run for so long over in India. Sure there have been some bad decisions made by the company, but this is what Modi was trying to do in encouraging overseas investments. They have to start from scratch if they want to do things the right way, and this is a good step IMHO.

    I understand others loosing faith in this company, but i'm not going anywhere. It seems it's only now being brought into the spotlight!
    Last edited by bjctrader: 25/09/14
 
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