Natural Resources Energy Private Limited is a Joint Venture with the Company holding 51% stake. During 2023-24, NREPL has been declared as the preferred bidder by Directorate of Geology and Mining, Government of Maharashtra for Surjagad 1 Iron Ore Block in the state of Maharashtra in the auction held for commercial iron ore blocks with 126.35% revenue share. The company is taking /shall take steps as per the instructions received / to be received from the Directorate of Geology and Mining, Government of Maharashtra. No commercial activities have been started.
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