Wednesday, 4 April 2018

Vedanta climbs 3% on SC order on extracted iron ore

Shares of VedantaBSE 4.52 % climbed 3 per cent in Thurdsay's trade after the Supreme Court allowed the company, among others, to transport royalty-paid iron ore extracted and lying on jetties in Goa on or before March 15. 

The apex court had in February quashed the second renewal of 88 iron ore mining leases in Goa in 2015 and had asked the firms to stop all mining operations from March 16 until fresh mining leases and environmental clearances were granted to them, PTI noted. 



Following the announcement, the stock rose 3.29 per cent to Rs 283.30 on BSE. 


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