ECT India Chairman and Managing Director, Ashley Moore...

ECT India Chairman and Managing Director, Ashley Moore commented, “The parties continue to engage closely with the external consultant through this detailed and thorough process. A range of matters have been highlighted requiring amendment in the draft MPA to meet business objectives, including optimised structuring and refined clarity of intent to support the articulation of the R&D stage into future commercial development of the project. Our project partners NLC and NMDC remain motivated and are working hard to support the positive conclusion of the Final Report for submission to NITI Aayog.”

Can anyone give more detail on this statement? Positive conclusion could allude to the review outcome, are all parties viewing it as positive? Is that what it is talking about? 'Optimised structuring and refined clarity of intent to support the articulation of the R &D stage into future commercial development of the project', It is hard from the wording to work out if any of the commercial details need changes(refined clarity?), be surprised if they don't though. Tried ringing the company, anyone had some communication?

IMO it doesn't necessarily mean there are going to be major delays, MPA negotiations depending on what they are may not take long, board approvals should be quick but how long will Niti take and the ministry approvals?