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OMDC gallops after receiving mines

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surged 10.79% to Rs 1,759 at 15:09 IST on after the company said it has received six iron and manganese ore mines from the office of

The announcement was made during market hours today, 12 April 2018.

Meanwhile, the Sensex was up 174.94 points, or 0.52%, to 34,110.65.

On the BSE, 31,000 shares were traded in the counter so far, compared with average daily volumes of 1,031 shares in the past two weeks. The stock had hit a high of Rs 1,905.20 and low of Rs 1,586.30 so far during the day. The stock had hit a 52-week high of Rs 2,342.30 on 7 November 2017. The stock had hit a 52-week low of Rs 1,550 on 26 March 2018.

The state-run miner has equity capital of Rs 0.60 crore. Face value per share is Re 1.

(OMDC) said that it has received six iron and manganese ore mines from the office of The mines include Bhadrasahi Iron and Manganese Ore Mines, Roida-Bhadrasahi Mines, Belkundi Iron and Manganese Ore Mines, Kolha-Roida Iron and/or Manganese Ore Mines, Thakurani Iron and Manganese Ore Mines and Bagiaburu Mines.

OMDC's net profit fell 51.87% to Rs 1.16 crore on 15.79% fall in total income to Rs 13.55 crore in Q3 December 2017 over Q3 December 2016.

OMDC operates six iron ore and leases at in the district of Keonjhar, Odisha.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 15:28 IST
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