With effect from 01 February 2015
Indian Metals & Ferro Alloys announces that the mining activity at the Company's Mahagiri Chromite Mines has been suspended w.e.f. 01 February 2015 upon expiry of environment clearance. The Company have already completed safety zone diversion which was a pre-condition for extension of environment clearance. The matter is being taken up with the Ministry of Environment & Forest, Govt. of India and the Company expect environment clearance co-terminus with the lease to be approved shortly. Adequate stock of chrome ore is available at plant sites and the Company do not anticipate any production disruption.Powered by Capital Market - Live News
