Request Letter To Release The Balance Payment on Urgent Basis
M/s. Hindalco Industries Limited
Hirakud Smelter,
Hirakud 768 016
Sambalpur, Orissa.
Dear Sirs,
Re: Lease
Rent for Railway Track
We are in receipt of your letter dated 29.9.2025 enclosing therewith a cheque for Rs.26,60,100/- (Rupees Twenty Six Lac Sixty Thousand One Hundred only) being adhoc interim payment of Rs.30 lacs ,net of TDS, towards lease rent for the Railway Track.
Please note we are accepting the said adhoc payment under protest as there is no reason for unilaterally deducting any amount from the total lease rent payable.
As you are aware, the amount of lease rent is Rs.40 lacs per annum payable into on time. There is no provision whatsoever in the Lease Agreement for unilateral deduction from the Lease Rent under any circumstances. We are not aware of any dispute pending with you with regard to non-availability of one Locomotive as mentioned in your letter under reference. If at all any such dispute exists with regard to the Locomotive, the same cannot be verified at this stage as, as you are aware, our factory has been under lock out for some time and you will have to wait till re-opening of the factory. However, this cannot be a reason for unilateral deduction from the lease amount.
Under the aforesaid circumstances, we request you to forthwith remit the balance amount of Rs.10 lacs towards the lease rent, failing which, you will agree, we shall have no other alternative but to invoke the provisions under the Lease Agreement and may even consider terminating the Agreement, as we cannot at any cost entertain any such unilateral decision of deducting the lease rent. You are, therefore, requested to remit the balance amount of the lease rent i.e. Rs.10 lacs within ten days from date of this letter.
Yours faithfully,
For Stabnet Industrial Works Ltd
Authorised Signatory
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