Deals22 May 2025, 03:31 pm
Oriental Trimex Ltd Granted 30-Year Mining Lease for Black Granite in Odisha
AI Summary
Oriental Trimex Ltd has been granted a mining lease for extracting Decorative Stone, specifically black granite, by the Government of Odisha. The lease is for 30 years over an area of 4.961 hectares (approximately 12.260 acres) in the village of Potteru, Malkangiri District, Odisha. The company anticipates an annual income ranging from 10 crore to 215 crore from this quarry. This grant will positively impact the Company's operations and long-term profitability.
Key Highlights
- Oriental Trimex Ltd has been granted a mining lease for black granite by the Government of Odisha.
- The lease is for 30 years over an area of approximately 12.260 acres in the village of Potteru, Malkangiri District, Odisha.
- The company anticipates an annual income ranging from 10 crore to 215 crore from this quarry.
- This grant will positively impact the Company's operations and long-term profitability.
- The mining lease was granted on 21.05.2025.