SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MOIL rises on getting nod for Vertical Shaft project costing Rs 51.32 crore

19 Aug 2014 Evaluate

MOIL is currently trading at Rs. 286.00, up by 1.40 points or 0.49% from its previous closing of Rs. 284.60 on the BSE.

The scrip opened at Rs. 289.95 and has touched a high and low of Rs. 289.95 and Rs. 286.00 respectively. So far 3046 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.00 on 26-May-2014 and a 52 week low of Rs. 190.10 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs. 289.95 and Rs. 273.30 respectively. The current market cap of the company is Rs. 4809.84 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 9.40% and 10.60% respectively.

Manganese ore producer, MOIL, has received an approval for project of sinking of 2nd (New) Vertical Shaft having 160 meters Depth & 4.50 meters diameter with a cost of Rs 51.32 crore at the company’s Munsar Mine. The board of directors at its meeting held on August 12, 2014 has approved for the same.

The project is expected to complete in 4 years from the day of award of work and the production will start from 5th year and gradually touch additional 96000 MT per annum from this shaft.

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi). The company is actively involved in exploration and development activities with a view to increase its proven manganese ore reserves.

 

MOIL Share Price

327.60 1.05 (0.32%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×