The 'Bhoomi Pujan' ceremony of Parsoda Manganese Mine of MOIL is being performed today.
MOIL has been granted Mining Lease of Parsoda Manganese Mine near village Parsoda, 46 kms. From Nagpur in the year 2016. The lease extends over an area of 53.75 ha. for 50 years period i.e. from 22.04.2016 to 21.04.2066 the project cost is estimated to be Rs. 19.54 crore.
The Production is expected to be started by end of March/April, 2019. The Mine will be operated by Opencast Mining Method.
Shares of MOIL LTD. was last trading in BSE at Rs.163.15 as compared to the previous close of Rs. 166.35. The total number of shares traded during the day was 20202 in over 459 trades.
The stock hit an intraday high of Rs. 165.8 and intraday low of 162.8. The net turnover during the day was Rs. 3315069.