Reality may be bitter this time.
The new government is busy changing policies and trying to avoid ( at least from the beginning) mistakes committed by the Congress in the field of mining, hence they will not allow to restart the operations even in the state owned mines before in-depth review of each mine is conducted in prior of granting the new leases ( an not renewals this time....). And it is a quite a lengthy process...
I think that Tata Steel, Hindalco , or state owned SAIL will become prioritized once the process will kick off. On the other hand election will be held in Jharkhand in December, so nothing will practically happen before the end of January 2015...
Read article from the telegraph below http://www.telegraphindia.com/1140912/jsp/frontpage/story_18826441.jsp#.VBlOdvmSySo
IRL Price at posting:
0.5¢ Sentiment: Sell Disclosure: Held
