India's Orissa Minerals hits record high after getting mining permit

The Orissa Minerals Development

10/10/2024 05:36

** Shares of Orissa Minerals Development Company Ltd
 ORIS.NS  rise as much as 8.2% to a record high of 9,721.05
rupees
    ** Stock on track to rise for third straight day
    ** Mining co says, State Pollution Control Board, Odisha
issued consent to establish order for Belkundi iron & manganese
ore mines 
    ** Consent order for production of iron ore (ROM) of 1.8
MTPA & manganese ore 0.3 MTPA (ROM)
    ** More than 45,000 shares traded as of 9:55 a.m. IST,
busiest day yet in Oct. so far
    ** ORIS last up 4%, adding to YTD gains of 31.9% 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))