Oriental Trimex Limited has informed the Exchange about Grant of MiningLease in company's favour by State Government of Odisha.
ORIENTALTL · price
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The Government of Odisha has granted Oriental Trimex Limited a mining lease for black granite (decorative stone) over 4.961 hectares (about 12.26 acres) in village Potteru, Malkangiri District, Odisha. The lease was issued on May 21, 2025 and is valid for 30 years. The company expects this quarry to generate an annual income of Rs 10-15 crore. The company must set up processing capacity equal to at least one-fifth of its authorized production within 3 years and ensure 25% of output is processed within Odisha. Environmental clearance was obtained on January 31, 2025, and the mine plan was approved in December 2023.
This is a positive development for Oriental Trimex as it secures a long-term (30-year) raw material source, potentially adding Rs 10-15 crore in annual revenue and supporting long-term profitability. Shareholders should note that the actual cash flows depend on the company setting up processing capacity and starting commercial operations within the stipulated timelines.