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MOIL planning to develop high-grade manganese for batteries

30 Aug 2018 Evaluate

MOIL is planning to develop high-grade manganese for batteries and these batteries can be used in electric vehicles (EVs).

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 407.60
NMDC 70.65
Ashapura Minechem 471.60
Sandur Manganese 175.90
GMDC 465.80
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