|31 Oct 2022
|We are pleased to inform you that the Company has arrived at an out of court settlement in a long pending arbitration matter and related legal proceedings pertaining to a conversion contract where it was to produce ferro chrome for a third party. The Settlement Agreement has been signed and the Company has received an amount of Rs.49.99 crore including GST. Pursuant to the agreement, a Joint Settlement Petition has also been signed and legal proceedings by both sides shall be withdrawn in due course when the matter is heard .
|View all announcements for INDIAN METALS & FERRO ALLOYS LTD.
|Source: BSE India