The geological survey has confirmed the presence of gold deposits, and the state government is taking steps to auction the block.
It comes against the backdrop of the company's intentions to increase billet capacity to 1.2 million tonnes per year.
This project expands the company's energy solution capabilities and helps it move to an energy products and services company, it said.
Investors bid for 70.56 crore equity shares, which exceeded the offer amount of 74.5 lakh shares.
After 3 weeks of selling, the FPIs again turned net buyers in the week with net infusion of $584 Million
On the Nifty, Bajaj Auto, Coal India, Tata Motors, and Hero MotoCorp led the gains, indicating robust market interest in these stocks.
It was a week when the IT sector, once again, stood out like a beacon of hope for the stock market performance
The BSE Midcap index dipped by 0.6%, while the Smallcap index closed flat.
IGI India specializes in providing certification and accreditation services for natural diamonds, laboratory-grown diamonds, studded jewelry, and colored stones.
Hindalco was trying to sell up to 8.6% of Novelis, including a green shoe option, at a price range of $18 to $21 per share.
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