industry

Bisra Stone Lime to resume as SAIL, RINL to provide trade advance


Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd will provide trade advance to Bisra Stone Lime Co and have assured offtake of dolomite from the company that recently ceased operations due to cash crunch.

“After intervention by minister of steel and petroleum and natural gas Dharmendra Pradhan, the mining activities at Bisra Stone Lime Company Ltd, a limestone mining company, are set to resume soon. This will ensure workers and vendors are not affected whilst proposing relevant measures for ensuring ceaseless operations in future,” an official statement issued on Monday said.

The decision was taken in a meeting chaired by Pradhan and attended by minister of state for steel Faggan Singh Kulaste, former cabinet minister Jual Oram, and member of parliament Sundergarh Shankar Oram, senior officials of the ministry and steel PSUs.

In Monday’s meeting it was agreed that the operational issues will be sorted out by working out a long term strategy. The operations of the company shall resume this week.

Bisra Stone Lime Co, a subsidiary of Rashtriya Ispat Nigam Ltd, has been mining and marketing limestone and dolomite in Sundargarh district of Odisha since 1910. It had to cease operations since last few days due to a cash crunch. The matter was brought to the notice of Jual Oram and MLA Biramitrapur Shankar Oram by the affected workers Of the company.





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