The facility will have capacity to produce 9000 MTPA and 3600 MTPA of zinc metal and zinc oxides respectively
Nifty Metal index was down 3% as compared to 0.45% decline in the Nifty 50 index at 02:10 pm.
Metal stocks were among the top gainer with Hindalco leading the gains on talk of takeover of ABML shares
Index heavyweights were the top losers with RIL leading the decline
In past two months, Nifty Metal index zoomed 24% as compared to nearly 10% rise in the Nifty 50.
Nifty Metal index was down 2% as compared to 0.33% decline in the Nifty 50 index at 10:57 AM.
In past one-month, Nifty Metal index outperformed the market by surging 17% as compared to 8% rise in Nifty 50.
The new mining law that permits transfer of captive mines granted on discretion.