Coal India’s subsidiary Western Coalfields has received environmental clearance to hike capacity of its Ghonsa mine in Maharashtra to 6 lakh tonnes per annum (tpa) from 4.5 lakh tpa, at a cost of ₹102 crore. The land area of the mine, located in Yavatmal district of Maharashtra, will also expand to 278.68 hectares (ha) from 128.79 ha, the environment ministry said in its clearance letter. The expansion project is expected to help improve the supply of non-coking coal for power plants and other bulk consumers in western and southern parts of the country, it said. Shares of Coal India were up 0.6 per cent at ₹255.70 on the NSE.
Pioneer Embroideries has informed the exchanges regarding the outcome of its board meeting held on May 29. “Due to inadvertence and typographical error, the allotment of equity shares pursuant to conversion of the OCCRPS (optionally convertible cumulative redeemable preference shares) into equity shares was wrongly shown as 7,07,878 instead of 6,50,171 in item no. 4. We assure you that this will not be repeated in future,” the company said in the notice to the exchanges. Shares of Pioneer Embroideries edged down 0.35 per cent at ₹42.55 on the NSE.
The board of Jayant Agro Organics on Friday approved issue of bonus shares in the proportion of 1:1 in place of the sub-division/split of face value of the equity shares of the company. The issue of bonus shares is subject to approval by the company’s shareholders at the ensuing annual general meeting, the company said. Shares of Jayant Agro jumped 5 per cent at ₹1,009.10 on the NSE.