Company Profile For Resurgere Mines & Minerals India Limited

Resurgere Mines & Minerals India Limited (RESU.BO) (Bombay Stock Exchange)

sector: Basic Materials · industry: Steel ·

As of 10:11am IST

85.05INR

Price Change

-3.55

Percent Change

-4.01%

Analyst Recommendations

Overview

Resurgere Mines & Minerals India Limited is an India-based company engaged in the mining and trading of ore. The Company is engaged in the business of extraction and processing of iron ore products, such as lump ore and size ore, and is a manufacturer of calibrated lump ore (CLO) and iron ore fines. The Company has run-of-mines contracts for two iron ore mines situated at Nuagaon and Maharajpur in state of Orissa, two bauxite mines situated at Yelwan Jugai and Mahalmiriya in the state of Maharashtra, and one Soapstone mine situated at Dhelana in the State of Rajasthan. The Company’s subsidiaries include Warana Minerals Private Limited and Shri Warana Minerals (India) Private Limited.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, Resurgere Mines & Minerals India Limited's revenues decreased 11% to RS1.87B. Net income decreased 77% to RS99.9M. Revenue reflect a significant fall in income from operations. Net income also reflects a significant rise in purchase of traded goods, an increase in employee costs and a rise in interest expenses. The company is engaged in the extraction, processing & sale of mineral products.