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Indian Metals & Ferro Alloys zooms 12% as govt vows to pay Rs 417-cr damages

In December 2022, Indian Metals had notified the exchanges that its subsidiary, Utkal Coal Ltd, received Rs 20.69 crore in compensation from the Ministry of Coal for statutory expenses related to the Utkal C coal block, following the issuance of its vesting order to the new allottee.

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India says 50 lakh people directly dependent on coal mining; will press for just energy transition at G20

India has chosen a path of climate justice and aims to pursue a balanced growth model based on the principles of Common but Differentiated Responsibilities and Respective Capabilities, Union coal secretary Amrit Lal Meena said.

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