Eyeing properties overseas to meet the growing domestic demand for manganese ore, which is expected to touch 4.5 million tonnes by 2012, Manganese Ore India (MOIL) has invited bids from global firms to form JVs for such acquisitions.
The PSU is also eyeing domestic markets for its capacity expansion. It has also invited proposals from owners of mineral concessions for participation with MOIL in development of their resources. The tie up would be for supply of manganese ore to domestic ferro alloy manufacturers, besides developing new and existing mines.
MOIL, which mopped up over 1,000 crore through its initial public offer, is looking at acquisitions in South Africa, Turkey and Congo to meet the ore demand. The demand for manganese ore is expected to touch 4.5 million tonnes from the present 2.4 million tonnes in 2012, if the target for enhancing steel production capacity to 120 million tonnes is met. crackcrack
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: