Congress industrialist MP Naveen Jindal has rebutted allegations that his company Jindal Power Limited (JPL) had violated norms in order to acquire coal blocks that were inappropriately awarded at throwaway prices.

JDU chief Sharad Yadav and other opposition leaders alleged that the government sidestepped norms to provide undue benefits to Jindal by allotting his company coal mines. Mr. Yadav accused Jindal of committing "daylight robbery". He said a major share of the 195 coal mines allotted by the government had gone to the Jindals. He demanded immediate cancellation of the coal blocks allotted to Jindals.

In response, Jindal said, “The success f the Jindal Power is due to efficient planning, implementation and operations, not because of so called cheap coal.”

Supporting his claim, Jindal added that coal blocks had been given to a company that had an excellent track record of implementing projects, and not to a Member of Parliament.

When the same question was raised by reporters on Monday, Jindal lost his cool and hit out a media persons.

JPL is one of the companies that were called by Inter-Ministerial Group (IMG) for a possible de-allocation of coal blocks allotted to them because these failed to commence production of coal as per the stipulated time-frame.

The controversy triggered after the Comptroller & Auditor General (CAG) said in its report that undue benefits to the tune of Rs 1.86 lakh crore were given to private companies on account of allocation of coal mines to them without auction.