Odisha to refund excess royalty on inferior coal

Odisha is expected to reimburse over ₹300 crore royalty for coal supplied by Mahanadi Coalfields Ltd (MCL), a Coal India unit, between April 2015 and March 2021. Coal consumers claim refunds from Coal India subsidiaries and Singareni Collieries Company Ltd in case they are delivered a lower grade of coal than paid for. These companies issue credit notes in such cases that can be adjusted in future payments.

via Economictimes

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