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Sesa Goa trades lower on the bourses

12 Sep 2012 Evaluate

Sesa Goa is currently trading at Rs. 159.55, down by 0.25 points or 0.16% from its previous closing of Rs. 159.80 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 161.75 and Rs. 159.00 respectively. So far 336803 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 270.00 on 17-Feb-2012 and a 52 week low of Rs. 148.70 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 171.90 and Rs. 159.00 respectively. The current market cap of the company is Rs. 13866.51 crore.

The promoters holding in the company stood at 55.13% while Institutions and Non-Institutions held 30.53% and 14.35% respectively.

Sesa Goa has been issued orders for temporary suspension of mining operations of all the mining leases in Goa State, with effect from September 11, 2012, until further orders. The company has been issued orders from the Directorate of Mines, Government of Goa, on September 10, 2012. Consequently, the company has stopped ore extraction from all its mines in the state of Goa.

The order also states that the above suspension of mining operations shall not affect trade and transportation of ore already mined and existing in the leasehold area, in transit /stored / stacked on the jetties, subject to inspection by the relevant authorities.

Further, the company will submit all relevant documents to the government authorities for scrutiny at the earliest in order to ensure early restart of its operations.

 

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