MOIL, the manganese ore producer is likely to foray coal mining and power generation if it gets coal blocks from the 17 earmarked by the Ministry of Coal for allocation to public sector units. Coal Ministry has earmarked coal blocks located in Maharashtra, Chhattisgarh, Odisha and Jharkhand for allotment. The entity has applied for eight blocks with an aim to backup down stream diversification for Ferro alloy production.
The company has already tied up with SAIL and RINL for setting up Ferro alloy plants aimed at manufacturing ferro manganese and silico manganese at a total cost of Rs 600 crore. It is also planning to raise its manganese ore production target to 2.2 million tonnes by 2020-21 from 1.1 mtpa.
