GPIL makes Rs. 3000 per tonne of iron ore (market price of iron ore lumps = Rs. 6000, captive iron ore = Rs. 3000 per tonne)
Total mine reserve = 160 million tonne.
Value of mine = 160 million tonne X Rs. 3000 = Rs. 480 Billions = 6 billion USD
If market price of iron ore goes to Rs. 10000 per tonne, 5 years from now,
The value of iron ore mine = 15 billion USD
Subscribe To Our Free Newsletter |