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MOIL gets environmental clearance for capacity expansion of Gumgaon Mine

30 Jan 2020 Evaluate

MOIL has received Environmental Clearance for enhancement of production capacity from 90,000 TPA to 2,03,200 TPA. The production will increase gradually. MOIL is operating underground manganese ore mine at Gumgaon in Nagpur District of Maharashtra. Total lease area of the mine is 85.896 hectare.

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 421.90
NMDC 80.35
Ashapura Minechem 514.00
Sandur Manganese 180.10
GMDC 544.20
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