Adhunik Metaliks Ltd. just buy for short term gains

the proposal of Orissa Manganese & Minerals Ltd for issue of shares to public through IPO and / or disinvestment of part of Adhunik Metaliks Ltd shareholding in Orissa Manganese & Minerals Ltd by offer for sale via Initial Public Offer.

Product Details:
	Sponge Iron
	Pig Iron
	Billets / Blooms
	Rolled Products
	TMT Bars
	Wire Rods
	Transmission/ Mobile Towers
The above company has got manganese Ore mining lease in the state of Orissa, Iron ore and graphite ore leases in the State of Bihar.The details of the mining leases are as under as details below :- Total Area State Production (Tons/Avenue) Manganese ore 2365.73 acres Orissa 1 million Iron ore 680.80 acres Bihar Graphite 172.00 acres Bihar The company is producting approx. 1 lac tonnes of manganese ore and supplying different grades of manganese ore to the Tata Iron & Steel Co. Ltd., Joda, Steel Authority of India,Durgapur, Bokaro, Rourkela, Eveready Industries (I) Ltd., Madras, Hyderabad, Calcutta, Ispat Alloys Ltd., Balasore and Baheti Metails and Ferro Alloys Ltd., Ahmedabad. The company's turn over on account of manganese ore is approx 10 croresper annum. the company propeses to start mining operations over the mining lease of Iron ore in the State of Bihar very soon, the expected targeted production is 3,50,000 tonnes per month and the axpectedturn over is Rs.8.75 crore. The company is setting up a washing plan for benificiated of graphite ore and from the expected production and sale of beneficiated graphite flakes will be around 1.5 crores.