Sesa Sterlite has rallied 4% to Rs 209 in early morning deals on the BSE after the company said it has received permission from the Honorable Supreme Court appointed Monitoring Committee to resume mining activities at its Karnataka mine.
Accordingly, the Company has commenced its mining operations today, in accordance with stipulated conditions, Sesa Sterlite said in a regulatory filing.
The Honorable Supreme Court of India had earlier given the clearance for resumption of mining operations for A and B category mines in Karnataka, vide its order dated 18 April 2013, it added.
The stock opened at Rs 207 and has seen a combined around one million shares changing hands on the counter so far on the BSE and NSE.
Accordingly, the Company has commenced its mining operations today, in accordance with stipulated conditions, Sesa Sterlite said in a regulatory filing.
The Honorable Supreme Court of India had earlier given the clearance for resumption of mining operations for A and B category mines in Karnataka, vide its order dated 18 April 2013, it added.
The stock opened at Rs 207 and has seen a combined around one million shares changing hands on the counter so far on the BSE and NSE.