Sesa Sterlite, one of the largest producers and exporters of iron ore in India, witnessed a fall in share price on Tuesday after the Supreme Court ruled that all iron ore mined in Goa before 2007 belonged to the state government.

According to the apex court, unsold pre-2007 mined iron ore lying in Goa belongs to State. The court has ordered pre-2007 iron ore to be auctioned by a monitoring panel.

Shares of the company are trading at Rs 243.05, down Rs 7.2, or 2.88% at the Bombay Stock Exchange (BSE) on Tuesday at 12:50 p.m.

The scrip has touched an intra-day high of Rs 252.55 and low of Rs 219.25. The total volume of shares traded at the BSE is 2,037,889.