MoneyWorks4Me

MOIL plans to enhance manganese production to 3 MT by 2030

04 Sep 2017 Evaluate

MOIL has planned to enhance its production from present level of around 1.10 million tonnes (MT) to 2 MT by 2021, 2.50 MT by 2025 and 3 MT by 2030 in order to cater to the steel industry’s growing appetite for manganese ore. In this regard, a strategic management plan has already been prepared.

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 422.10
NMDC 80.65
Ashapura Minechem 514.85
Sandur Manganese 180.75
GMDC 542.35
View more..