Odisha government cancelled the trading licence of Deepak Steel and Power and also refused to renew the Memorandum of Understanding (MoU) signed with the firm earlier owing to irregularities committed by the firm. The MoU signed with the firm has already lapsed and the state government refused to renew it. The company has allegedly produced more iron ore than what was statutorily allowed from the from an adjacent plot in Uliburu mines. The adjacent plot was categorised as reserve forest
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