Indian Metals & Ferro Alloys Limited (IMFA) announced on Friday, July 18, that it has received a payment of ₹7 crore as balance compensation for the mine infrastructure (including rehabilitation and resettlement assets) of the Utkal “C” coal block.
The company, in a regulatory filing to the National Stock Exchange of India and the Bombay Stock Exchange, stated that the amount was paid by the successful allottee of the Utkal “C” coal mines. This payment follows an earlier communication by IMFA in December 2024 regarding the compensation process for the mine’s assets.
IMFA noted that the funds were credited to the company on July 18, 2025, and the company secretary confirmed that this completes the compensation related to the mine infrastructure.
The Utkal “C” coal block is part of IMFA’s portfolio of mining assets in Odisha, and the settlement supports the company’s ongoing financial and operational objectives.