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MOIL News

31 Oct 2021

Centre approves Rs 28,000 bonus, wage revision for THIS PSU employees

The employees of the state-owned firm have also received wage revision on Sunday. The move will have a financial impact of about Rs 87 crore per annum on the company. The statement also pointed out that the wage revision is for a duration of 10 years.

24 Jan 2017

MOIL share sale: Institutional buyers put in Rs 580-crore bids

Strong demand from institutional buyers saw bids worth over Rs 580 crore coming in on the first day of government's 10 percent stake sale in manganese miner MOIL.

Manganese miner

24 Jan 2017

MOIL share sale: Institutional bidder portion over-subscribed

The 2-day offer for sale (OFS) of the government's 10 percent stake in MOIL at a floor price of Rs 365 opened for non-retail investors today.

15 Sep 2016

NMDC, MOIL's Rs 8,400-cr buyback offers to open Sep 19

Mining giant NMDC and manganese miner MOIL said their share buyback programmes worth close to Rs 8,400 crore will open next week on September 19.

19 Jun 2016

Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

29 May 2015

MOIL profit drops 31% to Rs 102 cr in Jan-Mar quarter

Shares of the company closed at Rs 243.95 apiece on BSE, down 1.69 percent from previous close.

Manganese Ore India

20 Apr 2015

MOIL registers 10% growth in core production in FY15

State-owned Manganese Ore India (MOIL) has registered a growth of 9.90 percent at 9.77 lakh tonnes in its core production during the fiscal year 2014-15.

mining activity

02 Feb 2015

Govt to allow PSUs with mining experience for exploration work

The government is likely to allow state-run entities with experience in mining activity, such as NMDC, SAIL and MOIL, to carry out prospecting work on par with the likes of the Geological Survey of India.

Union Shipping and Transport Minister

16 Jan 2015

MOIL's session on mining industries in Maharashtra tomorrow

Manganese Ore India Ltd (MOIL) will on Saturday hold an inter-active session on 'Mineral-based industries in Maharashtra' that will be attended by Union Shipping and Transport Minister Nitin Gadkari.

Finance Ministry

13 Jan 2015

Finance Ministry to finalise merchant banker for MOIL issue on Jan 15

Finance Ministry is likely to finalise on Thursday a merchant banker and a legal adviser for sale of government's 10 percent equity in MOIL which may fetch Rs 500 crore to the exchequer.

21 Dec 2014

MOIL stake sale process starts; may hit market this fiscal

At the current market price of Rs 295.15 a share, MOIL stake sale could fetch about Rs 500 crore to the exchequer.

Disinvestment Department

14 Dec 2014

DoD identifies SJVN, MOIL for disinvestment in 2014-15

"The disinvestment department has included 10 percent stake sale each in SJVNL and MOIL for disinvestment in current fiscal," a government official told PTI.

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