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MOIL Gets 8 Proposals for Mine Acquisition Overseas

04 Jul 2011 Evaluate

MOIL, has received at least eight proposals for acquiring a small-size mine overseas. The largest domestic manganese producer has received proposals from South Africa, Gabon and Indonesia, among other geographies. MOIL has more than Rs 2,000-crore cash surplus, which could be used for buying out the asset.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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