Looks like Hindustan Zinc / Vedanta just wont give up easily. They are still trying to get Aravalli ML.
However they certainly have no sound legal basis to do so and once their case is thrown out we need not concern ourselves with those cheats.
I was again very sad to read the current state of affairs of IRL operations, however if Surda can get restarted this quarter and money due paid into IRL bank account then the future for IRL and Aravalli looks secure.
HCL must pay this quarter, Surda must be made profitable for IRL.
Also I am hoping the letter of intent for Aravalli is granted in 3 months to 6 months from today. It took the DMG and IRL 3 months to accept the new proposal for ML demarcation so I was guessing another 3 months for LOI.
Just a thought.
Also the HZL Vedanta appeal for Aravalli shouldn't impair the speed of ML / LOI approval for IRL.
All levels in Indian goverment support IRL and IRLs full legal right to Aravalli. IRL will get the ML.
99% certain (1% uncertainty due to being in India and HZL Vedanta corruption).
FYI
"PENDING APPLICATIONS
Unless they have a prior central government approval, under Section 5 (1) of the MMDR, or a letter of intent from the state, all pending applications will stand cancelled as per the ordinance."
