MOIL, with Ministry of Steel sign MoU for FY 2017-18
DSIJ Intelligence / 15 Jul 2017
MOIL Limited is engaged in the exploration, exploitation and marketing of manganese ore and products, such as high carbon Ferro manganese alloyand electrolytic manganese dioxide.
Manganese Ore India Ltd(MOIL) and the Ministry of Steel have signed a MoU for FY 2017-18.
MOIL Limited is engaged in the exploration, exploitation and marketing of manganese ore and products, such as high carbon Ferro manganese alloyand electrolytic manganese dioxide. The company operates through three segments: mining,power generation and manufacturing.
The MoU includes targets for achievements of various parameters which involve manganese ore production targets of 12.50 lakh tonnes and capital expenditure amount of Rs 205.80 crore for FY 2017-18, for excellent grading.
Meanwhile, the stock on Friday’s trade ended in negative territory slipping 0.36% at Rs 318.80 per share on BSE. The stock attracted a total traded quantity of 0.14 lakh on BSE.
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