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Indian Metals and Ferro Alloys receives demand notices for alleged excess mining

18 Apr 2018 Evaluate

Indian Metals and Ferro Alloys (IMFA) has received demand notices for alleged excess mining in respect of its Sukinda and Chingudipal Chromite Mines amounting to Rs 98.77 crore. The company is taking appropriate legal advise to determine the future course of action.

Indian Metals and Ferro Alloys is a producer of ferro chrome/ferro alloys. The company operates through two segments - Ferro Alloys and Power.

 

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