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Indian Metals & Ferro Alloys Ltd. - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations,2015

| Updated on March 29, 2019 Published on March 29, 2019

This is to inform you that the award in the Bilateral Investment Protection Treaty arbitration regarding coal block investment in Indonesia was pronounced today. The arbitral tribunal has ruled against the Company and awarded costs to the respondent.Consequently, we have to write off the investment amounting to Rs 53.13 Crore and additional expenses of Rs. 23.85 crores (USD 29,75,017 and GBP 361247.23) to be provided for towards costs to be paid to the respondent

Pdf Link: Indian Metals & Ferro Alloys Ltd. - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations,2015

Source : BSE - www.bseindia.com

Published on March 29, 2019
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