KIOCL bags approval for diversion of 401.5761 hectares of forest land in Devadari Hill Range for mining

On Sensex, KIOCL finished at the upper circuit of Rs277.50 per piece up 4.99%.

Jun 25, 2021 04:06 IST India Infoline News Service

KIOCL on Friday announced that the central government approved the diversion of 401.5761 hectares of forest land for Iron Ore and Manganese Ore Mining in the Devadari Hill Range.

In its regulatory filing, KIOCL said, "the Ministry of Environment, Forest and Climate Change (Forest Conservation Division), Government of India vide its communication dated 24th June 2021 intimated that the Central Government has accorded Stage-I / In-principle approval under the Forest (Conservation) Act, 1980 for diversion of 401.5761 hectares (388.00 ha for mining + 13.5761 ha. for approach road=401.5761 ha.) of forest land for Iron Ore and Manganese Ore Mining in Devadari Hill Range in favour of KIOCL Ltd, subject to the conditions mentioned in aforesaid communication."

On Sensex, KIOCL finished at the upper circuit of Rs277.50 per piece up 4.99%. 

Related Story

Open Free Demat Account (Rs699)