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MOIL gains on getting environmental clearance for capacity expansion of Gumgaon Mine

30 Jan 2020 Evaluate

MOIL is currently trading at Rs. 156.15, up by 0.60 points or 0.39% from its previous closing of Rs. 155.55 on the BSE.

The scrip opened at Rs. 156.55 and has touched a high and low of Rs. 158.45 and Rs. 156.05 respectively. So far 1580 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.85 on 06-Mar-2019 and a 52 week low of Rs. 118.20 on 20-Sep-2019.

Last one week high and low of the scrip stood at Rs. 158.95 and Rs. 147.80 respectively. The current market cap of the company is Rs. 3691.64 crore.

The promoters holding in the company stood at 65.69%, while Institutions and Non-Institutions held 17.19% and 17.12% respectively.

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).

MOIL Share Price

327.60 1.05 (0.32%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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