Indian Metals gets SPCB nod to extend mining operations; stock soars 20%
The State Pollution Control Board has issued 'Consent to Operate' for the company's Sukinda & Mahagiri Chromite Mines valid till March 31, 2016.
 "Indian Metals gets SPCB nod to extend mining operations; stock soars 20%")
Indian Metals & Ferro Alloys was locked in 20% upper circuit at Rs 156 on the National Stock Exchange (NSE) after the company said that the State Pollution Control Board (SPCB) has issued 'Consent to Operate' for the company's Sukinda & Mahagiri Chromite Mines valid till March 31, 2016.
Earlier, on May 8, 2015, SPCB had issued 'Consent to Operate' for the company's said mines till September 30, 2015 pursuant to which mining operations at both Sukinda & Mahagiri restarted.
Till 01:47 pm, a combined 22,203 shares changed hands and there were pending buy orders for 8,215 on the NSE and BSE.
Earlier, on May 8, 2015, SPCB had issued 'Consent to Operate' for the company's said mines till September 30, 2015 pursuant to which mining operations at both Sukinda & Mahagiri restarted.
Till 01:47 pm, a combined 22,203 shares changed hands and there were pending buy orders for 8,215 on the NSE and BSE.