Greenpeace charges are incorrect: GVK Group

June 13, 2012 | Business | Written by

New Delhi, June 13: Indian conglomerate GVK Group has refuted the charge of global environment watchdog Greenpeace that it had filed incomplete information about its $6.4 billion Alpha coal project in Australia.

Calling the information furnished by Greenpeace as “incorrect”, GVK said it had intimated the Indian stock exchanges of all the significant developments pertaining to the Australian project.

Greenpeace has lodged a complaint against the GVK Group with the Securities and Exchange Board of India (SEBI), saying it did not inform SEBI about it.

The Alpha coal project was suspended by the Australian government June 5, a week after it was approved, saying the approval process was a “shambolic joke”.

The main concern for the department and environmentalists was the fact that export shipments from GVK’s Alpha mine in the remote Galilee Basin would traverse the famous Great Barrier Reef.

IANS