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19-Jan2019

MOIL signs MoU with GMDC

MOIL has signed a Memorandum of Understanding (MoU) with Gujarat Mineral Development Corporation (GMDC) to take up project of joint exploration of manganese-bearing areas, exploring its feasibility and to conduct mining operations as well as to set up value additional plant in joint venture at Vadodara and Chhota Udepur (Gujarat) with a proposed investment of around Rs 250 crore. The company is proposed to commence activities of exploration on this project in 2019.

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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