Oriental Trimex acquires rights for mining decorative stone in Orissa

Oriental Trimex Ltd has announced that the Company has acquired rights from the Department of Mines, Government of Orissa, for mining of decorative stone (minor minerals) at village Potteru in Malkangiri district of Orissa through a prospecting license dated April 13, 2007 executed between the Company and Deputy Director of Mines, Koraput Circle Koraput, Government of Orissa. The decorative stone quarry is spread over an area of 10.279 hectares / 25.40 Acres. The deposits in this quarry is of black colour granite stone.

The Company is in the process of complying with the terms and conditions of the prospecting lease.

The stock was trading at Rs.25.45, up by Rs.0.15 or 0.59%. The stock hit an intraday high of Rs.25.80 and low of Rs.25.25. The total traded quantity was 9530 compared to 2 week average of 879127.

Source : Equity Bulls

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