Financial
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.
Read Also : Coal India Organises Training programme for capacity building
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24