Mining royalty case: Setback for mining operators as SC …
The Wednesday ruling led to a 1.26% fall in the Nifty Metal Index. Apart from Tata Steel and NMDC, others that fell include Hindustan Zinc (-0.69%), Coal India (-3%) and SAIL (-2.16%). SAIL had said in an affidavit that retrospective application will lead to the revival of cumulative demands to the tune of Rs 3,000 crore from different states.