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Tuesday, November 23, 2010

Manganese Ore India IPO Price Band is fixed at Rs.340/- to Rs.375/- per equity share. The IPO, which would open for subscription from Friday, November 26, 2010, would consist of 33,600,000 Equity Shares of Rs.10/- each. The IPO would close for subscription on Wednesday, December 1, 2010

MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel

MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate 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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