In its regulatory filing, KIOCL said that "MOEF&CC grants the proposal for Environmental Clearance of Devadari Iron Ore Mine with a mine capacity of 2 MTPA Iron Ore (ROM) and 500 TPA Manganese Ore with 2 MTPA wet Beneficiation Plant for 401.5761 ha (388.00 ha for mining + 13,5761 ha. for conveyor, approach road etc.) out of 485.7725 ha project area (470.40 ha mine lease area + 15.3725 ha conveyor, approach Road etc.) located in Devadari Hill Range in favour of KIOCL Ltd, subject to the certain specific and standard conditions mentioned in aforesaid communication. "
At around 1.13 PM, KIOCL was trading at Rs263.20 per piece flat compared to the previous closing on Sensex.
The stock has touched an intraday high and low of Rs275.40 per piece and Rs261.90 per piece respectively.