MOIL strengthens on plans of ramping up its production capacity

MOIL Ltd. | Mining & Minerals | Metals & Mining | BSE: 533286 | NSE: MOIL

28 May 2012 Evaluate

MOIL is currently trading at Rs 272.45, up by 3.15 points or 1.17% from its previous closing of Rs 269.30 on the BSE.

The scrip opened at Rs 271.10 and has touched a high and low of Rs 275.65 and Rs 266.05 respectively. So far 43006 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 374.60 on 18-Jul-2011 and a 52 week low of Rs 217.35 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 275.65 and Rs 255.00 respectively. The current market cap of the company is Rs 4584.72 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 7.62% and 12.38% respectively.

Manganese Ore India (MOIL), country's largest manganese miner has received its board’s approval for project of sinking of high speed vertical shaft at its 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.

The company’s board has also approved its project of 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.

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

278.35 -2.45 (-0.87%)

30-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coal India	439.05
NMDC	85.14
GMDC	583.75
Sandur Manganese	203.40
MOIL	278.35
View more..

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