MOIL has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit for the quarter ended June 30, 2011 declined 40.30% at Rs 108.94 crore as compared to Rs 182.47 crore for the corresponding quarter last year. Its income from operation has fall by 33.41% at Rs 253.47 crore for the quarter under review from Rs 380.66 crore for the same quarter last year.
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.
| Company Name | CMP |
|---|---|
| Coal India | 442.20 |
| NMDC | 89.15 |
| GMDC | 696.60 |
| Sandur Manganese | 214.15 |
| MOIL | 323.95 |
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