Electrosteel Castings Limited has received a Provisional Compensation Order dated 15 May, 2025 from the Ministry of Coal, Government of India.
The order pertains to compensation for the Cost of Geological Report, Cost of Consent, Land, and Mine Infrastructure related to prior allottees of the Parbatpur Central Coal Mine, as per the Coal Mines (Special Provisions) Act, 2015.
The Ministry of Coal has estimated the compensation amount to be ₹498.72 Crore.
The provisional compensation of ₹498.72 Crore is expected to have a material impact on the company's financials.
The final determination of the total compensation amount is still pending.
The company will intimate the exchange upon receiving the final order.