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) to produce more then 1,093,363 tonnes of manganese ore.
In addition to high, medium and low grade manganese ore, company produces manganese dioxide and chemical grade manganese ore. The major competitive strengths of the company are:
1. Largest producer of manganese ore in India with access to significant reserves;
2. Well positioned to capture the growth potential of the Indian steel industry;
3. Track record of growth and efficient operations;
4. Strategic location of the mines and
5. Strong capabilities for exploration, mine planning and research development.
Company Financials:
Particulars For the year/period ended (in Rs. Millions)
31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06
Total Income 10,878.53 14,394.09 10,154.48 4,167.41 3,637.37
Profit After Tax (PAT)4,663.46 6,637.93 4,798.15 1,342.09 1,145.17
MOIL Limited IPO Grading / Rating
CARE has assigned an IPO Grade 5 to MOIL Limited IPO. This means as per CARE company has 'Strong fundamentals'.
Issue Detail:
Issue Open: Nov 26, 2010 - Dec 01, 2010
Issue Type: 100% Book Built Issue IPO
Issue Size: 33,600,000 Equity Shares of Rs. 10
Issue Size: Rs. 1,142.40 - 1,260.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 340 - Rs. 375 Per Equity Share
Market Lot: 17 Shares
Minimum Order Quantity: 17 Shares
Listing At: BSE, NSE
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