Moil has informed that the board of directors of the company at its meeting held on May 25, 2012 has, approved / recommended a project of sinking of high speed vertical shaft at company's Balaghat Mine. The production is expected to increase from 450,000 tonnes per annum to 800,000 tonnes per annum, through the project. The production is expected to increase gradually from the year 2015-16 and also a project for deepening of vertical shaft at Chikla Mine to sustain the present capacity of 80,000 tonnes per annum. The project is to be completed in the year 2015-16.
The above information is part of company’s filing submitted to the BSE.
