Tata Steel, the flagship company of the Tata Group, has reportedly inked supplementary lease deeds for 6 iron and manganese ore mines falling under Joda circle in Keonjhar district, Odisha. The company has deposited about Rs 400 crore towards stamp duty charges and registration fees.
After the execution of lease deeds, the six mines that are poised to restart operation are Joda West, Joda East, Manmora, Khandabandh, Tiringpahad and Bamebari. All these six mines were affected by the Supreme Court order in May 2014. The court order had snapped operations of 26 iron and manganese ore mines in the state that were functioning under the provisions of 'deemed extension' of Mineral Concession Rules (MCR), 1960.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
Company Name | CMP |
---|---|
JSW Steel | 915.15 |
Tata Steel | 173.30 |
SAIL | 169.00 |
Jindal Stainless | 705.35 |
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