Natural Resources Energy Private Limited has been converted into Subsidiary Joint Venture during 2022-23 with company holding 51% stake. The company has not carried out any business during 2022-23. In the current year 2023-24, the company 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 recent 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.
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