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Adhunik Metaliks to surrender Mining Lease of Kulum Iron ore Mine

15 Dec 2016 Evaluate

Adhunik Metaliks has received an approval to surrender Mining Lease in respect of Kulum Iron ore Mine in Village Kulum, Deojhar & Mahadevnasa over an area of 33.803 hectares, in Keonjhar district of Odisha State under Rule 29 of MCR- 1960 since the mineralised area over 6.63 hectares contains inadequate minerals, making the operation uneconomical. The board of directors at its meeting held on December 14, 2016 has approved for the same.

Adhunik Metaliks manufactures a wide range of steel such as carbon alloy, ball bearing steel, forging quality and engineering grade steel, tool steel, die steel, chrome moly, chrome nickel, boron steels, value steels, free cutting steels, micro-alloyed steels, case carburising and wire rods.


Adhunik Metaliks Share Price

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