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Government upgrades MOIL to Schedule-A company

13 Feb 2014 Evaluate

Manganese Ore India (MOIL) has been upgraded from Schedule-B to Schedule-A company by the Government of India, Ministry of Steel with effect from January 28, 2014.

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.

Peers
Company Name CMP
Coal India 395.45
NMDC 67.29
Ashapura Minechem 421.00
Sandur Manganese 169.15
GMDC 436.75
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