Sesa Sterlite said on Tuesday the company is working towards securing the necessary permissions from the Goa government for commencement of mining operations in the state.

On Monday, the Supreme Court has lifted the ban on mining in the State of Goa, subject to certain conditions.

The apex court has imposed an interim restriction on the maximum annual excavation from the mining leases of 20 million tonnes subject to determination of final capacity by expert committee.

Further, in its order, the Supreme Court has held that all mining leases in the State of Goa, including those of Sesa Sterlite, have expired in 2007. Consequently, no mining operations can be carried out until renewal/ execution of mining lease deeds by the State government.

Shares of the company declined Rs 6.95, or 3.44%, to trade at Rs 194.85. The total volume of shares traded was 991,342 at the BSE (2.19 p.m., Tuesday).