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25 Sep 2014 | |
Hindalco Industries Ltd has informed BSE about The Supreme Court in his order dated Sept 24, 2014 i.e. Yesterday ) cancelled 214 of 218 coal block allocations done from the period of 1993 to 2010. <br/><br/>The Company had been allocated four coal blocks as follows:<br/><br/>1. Mahan coal block jointly with Essar Power Ltd. <br/>2. Tubed coal block jointly with Tata Power Ltd. <br/>3. Talabira II and III coal blocks jointly with Mahanadi Coal Fields Ltd and Nayveli Lignite Corporation Ltd. <br/>4. Talabira I coal block. <br/><br/>Further note that Mahan, Tubed and Talabira II and III Coal blocks are not yet in operation while Talabira I coal block feeds coal to the power plant which supplies power to Company's Hirakud Smelter <br/> <br/>Presently we are not in a position to comment as we are currently evaluating the Supreme Court order and its implications. | |
View all announcements for HINDALCO INDUSTRIES LTD. | Source: BSE India |