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MP government grants mining lease on over 48.974 hectare land to MOIL

18 Mar 2016 Evaluate

MOIL has been granted mining lease on over 48.974 hectare in village Lugma, Tehsil Paraswada of Balaghat District (Madhya Pradesh) by Government of Madhya Pradesh (MP). The said lease has been executed and registered by the company. This area falls under Ukwa Mine of the company.

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).


Peers
Company Name CMP
Coal India 393.50
NMDC 67.66
Ashapura Minechem 427.65
Sandur Manganese 168.00
GMDC 438.85
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