MOIL is currently trading at Rs. 241.60, up by 2.55 points or 1.07% from its previous closing of Rs. 239.05 on the BSE.
The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 245.00 and Rs. 238.85 respectively. So far 6680 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 325.00 on 26-Nov-2014 and a 52 week low of Rs. 228.50 on 29-Jul-2015.
Last one week high and low of the scrip stood at Rs. 245.00 and Rs. 235.00 respectively. The current market cap of the company is Rs. 4065.60 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 10.70% and 9.30% respectively.
MOIL has received environmental clearance from Ministry of Environment, Forests and Climate Change for opening a new mine in Nagpur. As per the approved mining plan, total 5.27 lakh tonnes of total reserves and resources are expected. Further, production of about 40,000 tonnes per annum is expected from this area. The anticipated life of the mine based on the available, proven and probable resources, is 10 years.
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).
