Raipur/New Delhi: In a significant development in the coal block allocation scam cases, a CBI special court in New Delhi on January 12, 2026, convicted Raipur-based M/s SKS Ispat & Power Ltd. along with its director and two authorised signatories for fraudulently securing a coal block by furnishing false information. This marks the 20th conviction in coal allocation cases probed by the Central Bureau of Investigation.
The court sentenced Deepak Gupta, Director of M/s SKS Ispat & Power Ltd., to three years of rigorous imprisonment and imposed a fine of Rs 10 lakh. Satya Narain Dwivedi, an authorised signatory of the company, was awarded two years of rigorous imprisonment along with a fine of Rs 20,000, while another authorised signatory, Amrit Singh, was sentenced to one year of rigorous imprisonment and fined Rs 10,000.
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13 Jan 2026
In addition, the court levied a penalty of Rs 50 lakh on the company itself for its role in the offence.
According to the prosecution, the CBI had registered the case on August 4, 2014, following allegations that the company and its key officials deliberately submitted false and misleading information in application and feedback forms submitted to the Coal Ministry. Investigators found that the accused had misrepresented facts relating to the company’s financial net worth, production capacity, land ownership and environmental clearances to wrongfully obtain the allocation of the Rawanwara North coal block.
After completing the investigation, the CBI filed a chargesheet on August 31, 2016, against M/s SKS Ispat Ltd. (now known as M/s SKS Ispat & Power Ltd.), naming Deepak Gupta, Satya Narain Dwivedi and Amrit Singh as accused.
Following a detailed trial, the court concluded that the prosecution had successfully established the charges and held the company and its officials guilty, leading to their conviction and sentencing.
The verdict adds another chapter to the long-running coal block allocation cases, reinforcing judicial scrutiny over irregularities in the allotment of natural resources.
