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MOIL signs MoU with Ministry of Steel for FY20

 

MOIL has signed a Memorandum of Understanding (MoU) for FY 2019-20 with the Ministry of Steel. The MoU envisages an ambitious production target of 14.75 lakh tonnes of manganese ore and CAPEX target of Rs 210 crore, besides other parameters related to turnover, financials, project implementation, R&D, human resource management, etc.

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).

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