MOIL is currently trading at Rs. 201.00, up by 10.15 points or 5.32% from its previous closing of Rs. 190.85 on the BSE.
The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 203.00 and Rs. 195.00 respectively. So far 20,293 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 289.25 on 16-Jul-2012 and a 52 week low of Rs. 187.75 on 26-Jun-2013.
Last one week high and low of the scrip stood at Rs. 198.90 and Rs. 188.60 respectively. The current market cap of the company is Rs. 3,376.00 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 9.13% and 10.87% respectively.
MOIL, the manganese ore producer has been granted prospecting licence over an area of 597.44 hectares in the Nagpur and Bhandara districts by the Government of Maharashtra. The total area comprises of 11 blocks located adjacent to the existing leasehold area of MOIL in Nagpur and Bhandara districts of Maharashtra. MOIL is getting this new area for the first time since its inception in 1962. The company is currently operating 6 mines in Maharashtra and 4 mines in Madhya Pradesh for the last over a century.
The necessary grant orders have been received by the company recently according to which, 6 blocks are located in Ramtek, Saoner and Mouda Tahsils of Nagpur district and 5 blocks are located in Tumsar Tahsil of Bhandara district. Presently, the company’s existing leasehold area in Maharashtra is spread over an area of 696 hectares and with the addition of the new allotment the total area shall be 1293 hectares reflecting an increase of 86%. The total leasehold area of MOIL shall thus increase from 1798.92 hectares to 2395.92 hectares reflecting an increase of 33.18%.
With grant of Prospecting Licence (PL) over the new area of 597.44 hectares, some of the areas will be utilized for expansion of the existing mines and there is a possibility of opening up of at least 4 new mines. Anticipating the grant of PL, the company has earmarked a sum of Rs 250.00 crores for conducting geophysical studies, exploratory drilling, etc.
| Company Name | CMP |
|---|---|
| Coal India | 386.75 |
| NMDC | 214.25 |
| GMDC | 325.75 |
| MOIL | 328.70 |
| Sandur Manganese | 406.20 |
| View more.. | |
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