Verdict on coal block allocation to impact bottom line: Monnet Ispat

Ajay Bhat, group CFO at Monnet Ispat & Energy, speaks to NDTV about the impact of the Supreme Court’s verdict in the coal block allocation case. Three blocks allocated to the company will get affected. Of which, one was operational and two were up for mining. The company has applied for coal linkages and this order is expected to impact the bottom line by Rs 100 crore, he says. The company has made huge investments and seeks clarity on the issue of land which belongs to it, he adds.
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manishchowhan