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Sesa Goa awaits final SC ruling on iron ore ban

PK Mukherjee, managing director of Sesa Goa said that according to CEC report, Chitradurga sector is a better sector compared to other sectors; however, the company will wait for the final Supreme Court order. "Karnataka's iron ore volume could be impacted by 25%," added Mukherjee.

August 22, 2011 / 16:06 IST
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India's largest private sector iron ore producer and exporter Sesa Goa's shares have hit a 52-week low on a likely mining ban in iron-rich regions of Chitradurga and Tumkur districts in Karnataka. The stock is down Rs 10.55, or 4.74%.

The Central Empowered Committee (CEC) has recommended an extension of iron ore mining ban to the districts of Chitradurga and Tumkur as well. Initially, the Supreme Court had put a ban only in the district of Bellary.

Speaking to CNBC-TV18

first published: Aug 22, 2011 01:20 pm

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