Announced Fri, 21 Aug · 17:23 IST
Haldia land litigation settled after depositing Rs 3.33 crore with HDA
MANAKSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹85.00
prior close
₹85.44
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+1.0+1.4+2.6+2.1+2.4+6.9+11.5+17.1+28.6+31.8———
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AI summary
Manaksia Steels has settled a long-pending land dispute at Haldia, West Bengal by depositing Rs 3.33 crore (enhanced land premium) with Haldia Development Authority as directed by the Calcutta High Court on July 27, 2026. The dispute, inherited from Manaksia Ltd via 2013 demerger, involved an enhanced premium demand of Rs 15 lakh per acre versus the original Rs 5.50 lakh per acre for 35 acres of land. The matter is now fully concluded with no further liability.
Likely market impact
Positive closure of inherited litigation. Company had to pay higher premium than originally agreed but no further liability remains on books.