PANAJI
Earlier this week, the State Cabinet approved the adjustment of ore shortage claims worth Rs 6.32 crore in favour of M/s Royalline Resources Ltd to settle long-pending dues and correct stock entries linked to multiple iron ore e-auctions.
The decision relates to shortage claims made by Royalline Resources and its sister concern, M/s Infrastil Global Impex Pvt Ltd, over ore quantities purchased through earlier e-auctions and discrepancies in stock entries in the Bhumija Ore Monitoring System.
Under the proposal, the government agreed to adjust claims worth Rs 6.32 crore for shortages recorded in the 3rd, 4th, 5th, 15th and 18th e-auction lots against pending dues of Rs 6.45 crore payable by Royalline Resources for the 6th and 15th e-auctions, including additional quantities allotted in the 15th round. After adjustment, the company must pay a balance of Rs 12.68 lakh.
The Cabinet also approved the inclusion of 30,685.83 MT of ore stock in the Bhumija system for transport, sale and export, subject to payment of differential amounts and completion of formalities, including ground verification. The company had earlier sought recognition of unrecorded ore stocks after migration to the Bhumija platform.
