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Indian Metals & Ferro Alloys receives demand notice for Nuasahi and Bangur Chromite Mines

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Capital Market
Last Updated : Apr 19 2018 | 5:04 PM IST

Cumulative demand for alleged excess mining stands at Rs 122.90 crore

Indian Metals & Ferro Alloys has received demand notices for alleged excess mining in respect of its Nuasahi and Bangur Chromite Mines amounting to Rs 24.13 crore and is taking appropriate legal advise to determine the future course of action.

Taken in conjunction with the earlier notices received in respect of Sukinda and Chingudipal Chromite Mines the total cumulative demand stands at Rs 122.90 crore.

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First Published: Apr 19 2018 | 4:50 PM IST

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