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Jayaswal Neco Industries deposits Additional Levy of Rs. 98.17 crores

Posted On: 2015-01-04 09:12:01

Jayaswal Neco Industries Ltd has in compliance with the letter issued by Deputy Assistant Coal Controller, Ministry of Coal, Government of India, Office of the Coal Controller, Kolkata - 700001, has deposited the additional levy of Rs. 98,17,44,365 (Rupees Ninety Eight Crore Seventeen Lakhs Forty Four Thousand Three Hundred Sixty Five Only) on December 31, 2014.

The company deposited the additional levy as directed by the Hon'ble Supreme Court by its order dated September 24, 2014 and in terms of Coal Mines (Special Provisions) Ordinance, 2014 by December 31, 2014.

The payment / deposit of additional levy is without prejudice to the company's legal rights and remedies including but not limited to challenge the imposition of the additional levy and the company reserves all its legal rights to challenge this imposition.

Shares of JAYASWAL NECO INDUSTRIES LTD. was last trading in BSE at Rs.13.12 as compared to the previous close of Rs. 12.66. The total number of shares traded during the day was 210117 in over 1153 trades.

The stock hit an intraday high of Rs. 13.84 and intraday low of 12.91. The net turnover during the day was Rs. 2798691.


Source: Equity Bulls

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