Skip to main content

MoneyWorks4Me

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 395.60
NMDC 67.27
Ashapura Minechem 427.30
Sandur Manganese 169.50
GMDC 438.80
View more..