Sesa Goa trades higher on the bourses

13 Jan 2012 Evaluate

Sesa Goa is currently trading at Rs. 187.95, up by 2.50 points or 1.35% from its previous closing of Rs. 185.45 on the BSE.

The scrip opened at Rs. 186.65 and has touched a high and low of Rs. 191.80 and Rs. 183.60 respectively. So far 4,93,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.00 on 13-Jan-2011 and a 52 week low of Rs. 148.70 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 191.80 and Rs. 160.60 respectively. The current market cap of the company is Rs. 16,334.00 crore.

The promoters holding in the company stood at 55.13% while Institutions and Non-Institutions held 29.89% and 14.98% respectively.

Sesa Goa, a part of the Vedanta Resources Group and India's largest private sector iron ore mining company on a stand-alone basis has been certified to the stringent standards of Social Accountability 8000. This is a unique achievement as this is the first time that an iron ore company has been given the certification internationally.

Bureau Veritas, the international certifying agency for the Social Accountability 8000 Standard, has certified the four major divisions of Sesa Goa - the Iron Ore division, Pig Iron division, Met-Coke division and Ship Building division.

The certifications, issued on November 23, 2011 for a period of three years, have been given for complying with the best management practices in the work place, especially in the areas of understanding of global issues and social impact in the workplace. The parameters of the Standard include practices regarding child labour and the young worker, forced labour, health & safety, discrimination, remuneration, working hours etc.

Sesa Goa is in the business of iron ore mining (accounts for 85 percent of revenues), and manufacture of pig iron (9 percent) and metallurgical coke (6 percent).

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445.05 2.50 (0.56%)
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