Thursday, September 5, 2013

MECL pays dividend of Rs 4.13 crore to Union government

MECL CMD Dr Gopal Dhawan, other officials with Union minister Dinsha Patel 
Riding on its robust profits from exploration activities, the Mineral Exploration Corporation Limited (MECL) under the ministry of mines has...
paid a dividend cheque of Rs  4.13 crore for the financial year 2012-13 to the minister of mines Dinsha Patel in New Delhi on Wednesday. The chairman-cum- managing director, MECL, Dr Gopal Dhawan presented the cheque to the minister. MECL is a premier exploration company having all facilities for mineral exploration under one roof. The PSU is carrying out the detailed exploration of coal, lignite, gold, copper, iron ore, CBM, and such important minerals in the country.
MECL was established as an autonomous public sector undertaking in October 1972, under the administrative control of ministry of mines for systematic exploration of minerals, to bridge the gap between the initial discovery of a prospect and its eventual exploitation.
MECL has already completed over 1264 projects and established 149034 million tonnes of ores/ mineral reserves of minerals like coal, lignite, bauxite, copper, gold, lead-sinc, iron ore, limestone, manganese, magnesite, chromite, fluorspar and several other industrial minerals since inception. It has also carried out exploration for Coal Bed Methane. 

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