Manganese Ore India (MOIL) is expected to increase its total capacity to 1.6mt by FY16 and is hopeful of procuring high grade manganese ore from the newly allotted lands in Maharashtra. The Maharashtra government has allotted 597.44 hectares of land to the company in Nagpur and Bhandara districts of the state. It also granted prospecting licenses for 11 blocks in those areas.
MOIL has reserved Rs 250 crore for conducting geophysical research on the said land. The exact richness may not be known but it has the prospects of being a high grade ore.
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).
