Moil ipo should i invest

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To carry out the disinvestment of 33,, Equity Shares by the Selling Shareholders and 2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges. The public issue subscribed The minimum order quantity is 17 Shares. Ranked Members. Open Instant Account. Enquire Now. Request Call Back. Choose current IPO Vote Here Listing Day Trading Information.

Company Contact Information. MOIL is the largest producer of manganese ore by volume in India. Its production of manganese ore increased from , tonnes in FY to 1,, tonnes in FY To meet the rising demand of manganese ore, MOIL plans to expand its manganese ore production capacity at its existing mines.

Currently MOIL is producing about 1. It is also expected to add to its current reserves and resources by undertaking exploration in and around its existing lease areas. In addition, an area of approximately This helps it to charge premium compared to its domestic as well as global competitors. These forward integration plans, if successful, are expected to boost its margins significantly in coming years.

Manganese ore is primarily used to make ferro-alloys for steel production. According to the Ministry of Steel AR , India is currently the fifth largest producer of crude steel in the world with a crude steel production of This is expected to result in continued high demand for manganese ore and there is likely to be a huge gap between the availability and requirement of quality manganese ore. Going forward, we can expect a rise in the realisation and market share of the company due to enhanced production capacity.

For e. Sales prices and volumes in the manganese ore mining industry depend mainly on the prevailing and expected level of demand for manganese ore in the steel industry. During periods of sluggish or declining regional or world economic growth, demand for steel products generally decreases, which usually leads to corresponding reductions in demand for manganese ore.

It has also diversified its income streams in the form of Ferro Manganese Plant, Electrolytic Manganese Dioxide Plant and renewable energy. These, coupled with the expected high growth in steel sector in the country indicate a brighter future for the company. Board Meeting for Todayl. Nov 10, Nov 06, Company Info No Data Found.

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