Shares of Sesa Sterlite, the subsidiary of London-listed Vedanta Resources, gained more than 4 per cent on Tuesday on Goa government's announcement of resuming operations in the mining industry by year-end.
The State government has decided to renew the 27 mining leases after Goa chief minister Manohar Parrikar informed the State Assembly that the government will abide by the High Court order.
Goa chief minister Manohar Parrikar said the leases will be granted to 27 leasholders like Sesa Sterlite, Fermento and Salgaoncars amongst others by September 20 and the rest of the leases will be given by October 15.
Sesa Sterlite current trading at Rs 300.90, up by 8.55 points from its previous closing of Rs 292.35 on the BSE.
The State government has decided to renew the 27 mining leases after Goa chief minister Manohar Parrikar informed the State Assembly that the government will abide by the High Court order.
Goa chief minister Manohar Parrikar said the leases will be granted to 27 leasholders like Sesa Sterlite, Fermento and Salgaoncars amongst others by September 20 and the rest of the leases will be given by October 15.
Sesa Sterlite current trading at Rs 300.90, up by 8.55 points from its previous closing of Rs 292.35 on the BSE.
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