Top Searches
Advertisement

IMFA Receives ₹70 Million Compensation for Utkal ‘C’ Coal Mines Infrastructure

Updated: July 18, 2025 17:58

Image Source : Moneycontrol
Indian Metals and Ferro Alloys Ltd (IMFA) has received ₹70 million in compensation from the Indian government for infrastructure related to the Utkal ‘C’ coal mines, marking the latest installment in a multiphase reimbursement process.
 
Key highlights:
  • The ₹70 million payout pertains specifically to mine infrastructure valuation, following earlier compensation of ₹3.53 billion for freehold and leasehold land.
  • The Utkal ‘C’ coal block, previously allotted to IMFA’s subsidiary Utkal Coal Ltd, was reallocated to Jindal Steel and Power Ltd after a Supreme Court directive.
Strategic implications:
  • The total compensation received by IMFA now stands at approximately ₹3.61 billion, offering financial relief and potential reinvestment opportunities.
  • While the payout offsets asset loss, analysts caution that the reallocation may impact IMFA’s longterm mining revenue and operational leverage.
Outlook:
IMFA may channel the funds into new projects or debt reduction, but investors are advised to monitor future strategic moves closely.
 
Sources: RupeeWise, Business Today, IMFA Investor Updates, NSE India Corporate Announcements

Advertisement

STORIES YOU MAY LIKE

Image Source: Kenbrook Solar
Indosolar Powers Ahead: Q1 Profit Surges to 1.17 Billion Rupees on Robust Revenue
Image Source : Times Now
Hidden Fees Drain ₹1,700 Crore from Indian Families Sending Money Abroad for Education
Image Source : X
ESAB Powers Ahead: Strategic Acquisitions and Margin Expansion Fuel $4B Growth Vision
Advertisement
Image Source : Alice Blue
NTPC Green Energy and Goa Ink Pact for 300+ MW Renewable Push
Image Source : EquityPandit
CDSL Faces Renewed Arbitration Claim from Ketan Shah After Tribunal Withdrawal
Image Source : DeshGujarat
Abhayam 181 Helpline Turns 10: Gujarat’s Lifeline for Women Crosses 16.58 Lakh Cases
Image Source : Business Today
Adani Commodities Offloads 135.5 Million AWL Shares in Block Deal Amid Strategic Exit
Advertisement
Live Blogs
SBI Tags RCom Loan as Fraud, Puts Anil Ambani in RBI Crosshairs
Thrill-Seekers Assemble: APTDC Flooded with 130 Adventure Tourism Applications
Level Unlocked: Good Game Becomes World’s First As-Live Global Gaming Reality Show
From Devotion to Dynamite: Ganesh’s Mighty Avatar Steals the Show in Yours Sincerely, Raam
Top Stories
Image Source: Mint
Euro-Powered Expansion: TVS Supply Chain Fuels Autoserv with €500K Injection
Image Source: Indian Chemical News
Chambal Fertilisers Streamlines Global Footprint: ISGN Corporation Subsidiary Dissolved
Image Source: Deccan Herald
India-UK Trade Pact Set to Launch: Whisky, EVs, and Textiles Lead the Charge
Image Source: X
Gretex Strikes Steel: Mandate Signed with Pune-Based Manufacturer for SME Listing
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine