Manganese Ore India (MIOL) presented an interim dividend cheque of Rs 24.05 crore to the Union Minister of Steel on March 18, 2013. The company declared 20% interim dividend, for the year 2012-13.
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.