Thursday 29 August 2013

Sesa Goa trades in green on the BSE

Sesa Goa is currently trading at Rs. 182.75, up by 13.20 points or 7.79% from its previous closing of Rs. 169.55 on the BSE.

The scrip opened at Rs. 169.75 and has touched a high and low of Rs. 184.80 and Rs. 166.20 respectively. So far 22, 80,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 205.40 on 07-Jan-2013 and a 52 week low of Rs. 119.45 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 174.50 and Rs. 139.10 respectively. The current market cap of the company is Rs. 15,882 crore.

The promoters holding in the company stood at 55.13% while Institutions and Non-Institutions held 31.49% and 13.39% respectively.

In a bid to gear-up for completing first phase of mining in the West African nation by December, 2014, Sesa Goa is planning to invest $400 million in its Liberian iron ore mining project in 2-3 years. In this regard, the company has already invested about $35 million so far and has plans to spend about $100 million this year. While, in next 2-3 years the company will invest between $250 million to $400 million.

Sesa Goa, which had acquired Liberia's Western Clusters project for about $123.5 million has divided the project into several phases and has plans to ramp up production up to 30 MTPA by 2016-17.

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