MECL PAID INTERIM DIVIDEND FOR THE YEAR 2017-18

 Mineral Exploration Corporation Limited (MECL), the city based CPSE under Ministry of Mines, Govt. of India has paid first time Interim Dividend since its transformation into a dividend paying entity from 2012-13.

A cheque of Rs. 19.73 Crores towards the payment of Interim Dividend for the year 2017-18 was handed over to Shri Narendra Singh Tomar, Hon’ble Minister of Rural Development, Panchayati Raj & Mines (Govt. of India), recently at New Delhi by Shri R.N. Jha, Chairman-cum-Managing Director (I/c), MECL in the presence of Shri Arun Kumar, Secretary (Mines), Dr. K. Rajeswara Rao, Add. Secretary (Mines), Shri Bipul Pathak, Jt. Secretary (Mines) Govt. of India, Dr. Navneet Mohan Kothari, PS to Hon’ble Minister & Shri Yogesh Sharma, GM (BD&P / E), MECL.

 MECL is engaged in exploration of Energy and Non-energy Minerals on behalf of Govt. of India, State Governments, PSUs and other agencies in various parts of the country. During the year 2017-18, the financial performance of the Company is expected to be highest since its inception.

MECL is also the “Nodal Agency” for exploration under National Mineral Exploration Trust (NMET) funded projects. It has recently completed the Greenfield exploration work by enhancing its drilling and analytical capabilities through induction of new Hydrostatic drilling rigs and advance instruments required for testing in Greenfield exploration work.


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