Business Update29 Jan 2024, 08:45 pm
Prakash Industries Limited Makes Payment of Rs. 32.62 Crores for Bhaskarpara Commercial Coal Mine
AI Summary
Prakash Industries Limited has made a payment of Rs. 32.62 crores to the Forest Department for the non-forestry use of forest land and wildlife conservation plan for its Bhaskarpara Commercial Coal Mine in Chhattisgarh. The company has already received permission to establish and paid Rs. 23.25 crores towards net present value of diverted forest land and Rs. 35.12 crores for compensatory afforestation. The mining lease is likely to be executed in this quarter.,
Key Highlights
- Payment of Rs. 32.62 crores made to the Forest Department
- Permission to establish received from Chhattisgarh Environment Conservation Board
- Mining lease likely to be executed in this quarter