| Year
of Incorporation |
1962 |
| Administrative
Department |
Mineral Resources Department
(Govt. of Madhya
Pradesh) |
| Chairman |
|
| Vice
Chairman |
|
| Managing
Director |
|
| Authorized
Share Capital |
Rs 5.00 Crore |
| Paid up
Capital |
Rs 2.19 Crore |
|
|
Turn
over and Profit and Loss in last in 3
years
|
|
Year
|
Turnover
(In Tones)
|
Turn over
(Rs.
in Lakh)
|
Profit
|
|
2002-2003
|
34,02,653
|
2023.63
|
297.16
|
|
2003-2004
|
37,81,835
|
2356.18
|
472.98
|
|
2004-2005
|
49,74,475
|
3414.93
|
609.67
|
|
|
|
The main objective of the corporation are:
|
 |
To
search for major and minor
minerals and precious stones in the
State of Madhya Pradesh and to acquire,
by purchase or grant, mining and other
rights in the lands within the State of
Madhya Pradesh, and to win, open and
work such mines quarries of major and
minor minerals and precious stones in,
above and under the said lands, or any
of them or in, above and under any other
lands over which mining rights may be
acquired by the Company, and to raise,
sell and dispose of major and minor
minerals and precious stones to be
procured there from, and to treat and
make marketable, and convert such ores
into metal, if found expedient to do so,
or otherwise to deal with the
produce of the mines, quarries and
operations of the Company. |
|
To
acquire by purchase or otherwise any
ores or minerals produce for the purpose
of working and rendering the same
marketable, and selling and disposing of
the same, and to carry on any business
which may seem convenient in connection
with the development of the Company's
mines, and property or which may seem
calculated to enhance the value thereof. |
|
To
acquire mining rights by obtaining
licenses/ leases from Government and to
raise on behalf of Government major or
minor minerals or such other
"specified" minerals which
have been reserved or likely to be
reserved for exploitation in Public
Sector, sell dispose of the same; to
treat and render marketable such of the
aforesaid and any other minerals as are
capable of commercial exploitation,
beneficiation, etc. |
|
To
enter into any arrangements with the
Government of Madhya Pradesh or the
Central Government for rights concession
and privileges that may seem, conducive
to the Company's objects or of them. |
|
To
carry on trading in minerals by acting
as intermediaries between the State
Trading Corporation of India (Private)
Limited and the mine owner any by
securing bulk contracts for sale or
export of minerals or for purposes
which may seem conducive to the
attainment of any of the aforesaid
objects of the company. |
|
To
provide facilities for transportation of
such major and minor minerals the
development of which will directly
benefit the Corporation's mine; and
which could possibly be extended to
mines of private individuals by
collection of surcharge or cesses from
minerals transported by others using the
Corporation's roads and other facilities
like water-supply, electric power etc.
so rendered available |
|
To
acquire, work and dispose of and deal in
any mine, metals, minerals and other
like substances and to acquire, produce
by manufacture, treat, deal in or
otherwise turn to account any mineral or
mineral products. |
|
To
carryon the search for mining, getting
obtaining, cutting, polishing and
dealing in all precious, semiprecious
and valuable stones. |
|
To
buy, sell, manufacture and deal in
minerals, plant, machinery implements,
conveniences, provisions and things
capable of being used in connecting with
quarrying, mining and metallurgical
operations or required by workmen and
other employed by the Company |
|
To
provide funds for the purpose of
prospecting, investigating and
experimenting to any company, firm or
person with a view to furthering any or
all of the objects of the Company. |
|
To
acquire by purchase, lease, exchange or
otherwise, lands, building and
hereditaments of any tenure or
description and any estate or interest
therein, and rights over or connected
with land, and either to retain the same
to account as may seem, expedient. |
|
With
the prior concurrence of the State
Government to enter into partnership or
into any arrangement for sharing profits
or losses or into any union of
interests, joint adventure, reciprocal concession,
co-operation or amalgamation with any
person or persons, or Company or
Companies carrying on, or engaged in or
about to carry on or engage in any
business or transaction which the
Company is authorized to carry on or
engage in any business undertaking or
transaction which may seem capable of
being carried on or conducted so as
directly or indirectly to benefit this
Company. |
|
Generally
to purchases, take on lease or in
exchange, hire, or otherwise acquire any
immovable or movable property, and any
rights or privileges which the Company
may think necessary or convenient with
reference to any of these objects, and
capable of being profitably dealt with
in connection with any of the Company's
property or rights for the time being. |
|
To
carry on any other business which may
seem to the Company capable of
being conveniently carried on in
connection with any of the above or
calculated directly or indirectly to
enhance the value of or render
profitable any of the Company's property
or rights. |
|
To
acquire and undertake all or any part of
the business, properly and liabilities
of any person or company carrying on any
business which this Company is authorized
to carry on or possessed of property
suitable for the purposes of this
Company. |
|
To
enter into any arrangement with any
Government or authority, supreme,
municipal, local, or otherwise that may
seem conducive to the Company's objects
or any of them and to obtain from any
such government or authority, all
rights, concessions and privileges which
the Company may think it desirable to
obtain, and to carry out exercise and
comply with any such arrangements,
rights, privileges and concessions. |
|
|
|
|
