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Adhunik Metaliks executes mining lease

12 Aug 2011 Evaluate

Adhunik Metaliks has executed mining lease for its captive iron ore mine located in Village Deojhar, Kulum of Barbii Tahasil in Keonjhar District. All requisite approvals for starting mining are in place. Besides, the company has mobilized the mining equipments and started preparing the approach road and necessary infrastructure for mining. The dispatches of iron ore from the mine is expected very soon.

Adhunik Metaliks is the flagship company of the Kolkata-based Adhunik Group of Industries and is engaged in manufacturing of wide range of special steels used for different applications in the fields of automobile, construction and engineering.

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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