The Supreme Court order allowing relief to Odisha's defaulting miners to pay off their pending compensation with interest has revived hopes of growth in iron ore production in the state.
With one large merchant miner- Essel Mining & Industries making its payment in full after the stipulated December 31 deadline and a few other miners expected to follow suit, iron ore production in Odisha is expected to pick up steam from the next fiscal.
Apart from Essel Mining, state-owned Industrial Development Corporation Ltd (Idcol) has also paid its share of compensation of Rs 1.05 billion after the court ordered deadline. The apex

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