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Indian Metals receives demand notices worth Rs 24.13 crore for alleged excess mining

20 Apr 2018 Evaluate

Indian Metals and Ferro Alloys (IMFA) 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.

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

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

Indian Metal & Ferro Share Price

1546.10 79.25 (5.40%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Metal & Ferro 1546.10
Maithan Alloys 1022.70
Nava 727.10
Indsil Hydro Power 41.76
Shyam Century 5.82
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