MECL plans to spend Rs. 208 crore in exploration activities.

Public sector company Mineral Exploration Corporation Limited (MECL) plans to spend Rs. 208 crore spread over five years on energy and non-energy mineral exploration.

'To enhance exploration-associated activities other than drilling, the investment needed is Rs. 108 crore and Rs. 20 crore for infrastructure development,' said a senior MECL official.

'However, major investment out of this i.e. Rs. 187 crore is planned in first-three years itself i.e. from 2015-16 to 2017-18 for strengthening of our capabilities,' he added.


HBL