Sesa Goa, Vedanta group firm, is likely to start mining in Karnataka by October as a Supreme Court appointed panel has agreed to the company's Reclamation and Rehabilitation (R&R plan) in the state. It aims to produce up to 2.29 million tonnes (MT) from its mine in Chitradurga district during the current financial year. Recently, it has received Central Empowered Committee’s (CEC) concurrence to Sesa Goa's R&R plan for its Chitradurga mine.
The company has registered a fall of 66.17% in its net profit at Rs 227.66 crore for the quarter under review as compared to Rs 672.98 crore for the same quarter in the previous year. The total income of the company has decreased by 17.47% at Rs 1511.76 crore for Q1FY13 as compared Rs 1831.68 crore for the corresponding quarter previous year.
