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Pro Fin Capital Services to commence bauxite mining in Kolhapur, Maharashtra

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Tera Natural Resources And Pellets (subsidiary) to commences commercial operations in July 2015

Pro Fin Capital Services announced that the Company's subsidiary company, Tera Natural Resources And Pellets (TERA) has obtained necessary approval from the Office of the Director General of Mines for bauxite mining in the Kolhapur District, Maharashtra. The total reserves in the mines are estimated to be 25 million tones.

TERA is expected to commence commercial operations in the first week of July 2015. Commercial contracts for selling the bauxite are in place.

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First Published: Jun 26 2015 | 10:15 AM IST

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