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| Exchange Received Time 29/08/2018 14:46:39 Exchange Disseminated Time 29/08/2018 14:46:47 Time Taken 00:00:08 | In view of queries received from several individual investors about withdrawal of SLP pending before Hon'ble Supreme Court in the Utkal Coal Ltd (UCL) compensation matter, we wish to clarify that we are hopeful of an amicable resolution since Ministry of Coal, Govt of India has sought details of leased land - compensation thereof being the subject matter of the said SLP.
The auction process for the Utkal 'C' coal block originally allotted to UCL is underway and we expect the compensation amount to be finalised shortly.
If, however, there is any shortcoming in getting compensation then we have received legal advice that it would give rise to a fresh cause of action.
We shall update you upon any further developments in this matter
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