Coal news and updates

Birla Corporation Ltd plans to submit a compensation claim to the Madhya Pradesh Government for its investments in the coal block allocation which was cancelled after the Supreme Court termed them illegal.

 

In a note to the second quarter profit and loss account, the company said it made the claim for Bikram Coal Block in the State. It, however, did not disclose the claimed figure or the quantum of investment made on the block, allocated a few years earlier.

 

On the limestone mining at its Chanderia quarry in Rajasthan, the apex court is scheduled to hear the case on November 17.

 

The MP Birla Group company has reported a net profit of ₹32.46 crore in the July-September quarter against ₹41.58 crore in the corresponding quarter last year.

 

 

Source: The Hindu Business Line