MECL Finest Performance in the FY 2017-18

Nagpur: The city-based CPSE, Mineral Exploration Corporation Limited has unveiled its finest performance in the FY 2017-18, since its inception with highest drilling target hitting as high as 6.32 lakh meters, which is 22% higher than last financial year’s performance of 5.19 lakh meters. Apart from the physical performance, the company has registered highest Turnover of Rs. 382 crores during the FY 2017-18.

 

Shri R.N. Jha, CMD (I/c) has congratulated all its employees on this achievement which has been possible with their full support and dedication.

The modernisation plan of the company has helped in this highest physical performance by inducing 12 nos. of new Hydrostatic Drilling Rigs in its drilling fleet. The company has also paid first-time Interim Dividend of Rs. 19.73 crores to Govt. of India recently. It became a dividend-paying company since FY 2012-13.

 

Looking to the need of the country, the company has enhanced exploration of non-energy minerals. It has signed Tripartite Agreements with 12 nos. of states and National Mineral Exploration Trust (NMET) to explore more and provide auctionable blocks to support mineral and mining industry for ensuring raw material security in the country.