No, if you read your reports you will note IRL is owed $15 million from HCL. Currently in the Supreme Court. Do you really think IRL would extend the Surda contact for 34 months without changing the conditions. Do you really think that the contract with Shriram EPC Limited to do the shaft sinking is loss making?
No, this is the long awaited turnaround for IRL, sorry you didn't wait around. It was just a matter of time.
IRL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held