Femnor Mineral (India) Limited was incorporated on 16th April, 1992 as
a Public Limited Company under the Companies Act, 1956 in the State of
Tamilnadu and registered with Registrar of Companies Tamilnadu at
Madras to set up a project for mining and processing of Iron Ore,
Manganese Ore, Quartz, Limestone and Dolomite to cater to both the
Indian and Export market. The Certificate of Commencement of
Business was obtained on 1st May, 1992.
The main objects of the Company are fully set out in the Memorandum
and Articles of Association in this Prospectus. The immediate object
of the company is to develop its mines for large scale and scientific
exploitation as the estimated reserves are huge, and also to set up
processing plants for minerals in the respective mine sites located
in the state of Andhra Pradesh and Goa. The company has envisaged a
project with a cost outlay of Rs.650 Lacs for developing the various
mines and exploting the mineral reserves in a scientific and
economically viable manner.