Oriental Trimex Ltd granted Mining Lease for black granite in Odisha

The Government of Odisha, Steel & Mines Department has granted a Mining Lease for extracting Decorative Stone to ORIENTAL TRIMEX LIMITED for black granite over an area of 4.961 hectares (approximately 12.260 acres). This area is located at village Potteru under Motu Tahasil of Malkangiri District, Odisha, and the lease is granted for 30 years. The details of the lease are as follows:

Date of Grant: 21.05.2025
Name of the Mineral: Black Granite
Lease Area: 4.961 hectares
Location: village Potteru under Motu tahasil of Malkangiri District, Odisha Authority
Granting Lease: Government of Odisha, Steel & Mines Department, Ministry of Steel and Mines.
Tenure of Lease: 30 Years from the grant date.

This grant will positively impact the Company's operations and long-term profitability. The Company anticipates an annual income ranging from Rs. 10 crore to Rs. 15 crore from this quarry.

Shares of Oriental Trimex Limited was last trading in BSE at Rs. 12.15 as compared to the previous close of Rs. 12.00. The total number of shares traded during the day was 95967 in over 378 trades.

The stock hit an intraday high of Rs. 12.20 and intraday low of 11.96. The net turnover during the day was Rs. 1157338.00.

Source : Equity Bulls

Keywords

OrientalTrimex INE998H01012 MiningLease