Help Desk -
9958816305, 9810335381
Email
Password

MOIL New Projects to Expand Manganese Output

Steel News - Published on Thu, 17 Sep 2020

Image Source: MOIL Manganese
PTI reported that state-owned manganese ore mining firm MOIL Ltd is working on multiple new projects worth cumulatively INR 581 crore at its mines in Madhya Pradesh and Maharashtra. The company is aiming to complete these projects by August 2021

At Munsar mine in Maharashtra, the company is setting up a new vertical shaft at a depth of 160 metres at a capital cost of INR 51.32 crore. The scheduled completion of the work was in April 2020. However, the work is in progress and the completion of the project shall be in November 2020

Another project of INR 77.15 crore for setting up a sinking vertical shaft at a depth of 324 metres is going on at the company’s Ukwa mine in Madhya Pradesh. At the site, shaft sinking and lining up to 200 metres has been completed. The project is expected to be completed in August 2021

A INR 194-crore project of sinking a large diameter high-speed vertical shaft of 330-metre depth at Gumgaon mine Maharashtra would be completed by January 2021. Shaft sinking and lining up to 180-metre depth at site is completed.

At Balaghat mine in Madhya Pradesh, work for sinking a large diameter high-speed vertical shaft of 750-metre depth is undergoing. The shaft sinking and lining up to 480-metre depth at Rs 259-crore project site is completed and the overall project is scheduled to be completed in July 2021

In the2019-20 annual report, MOIL also informed about two projects worth INR 418.82 crore, for which its board has already given approval. The company plans 50,000 tonnes per annum ferro alloys plant at Balaghat mine with an investment of INR 263.82 crore, and 25,000 tonnes per annum ferro alloys plant at Gumgaon mine with an investment of INR 155 crore.

MOIL, under the Ministry of Steel, is the largest producer of manganese ore in the country and operates 11 mines in the states of Maharashtra and Madhya Pradesh.

Source :

Posted By : Yogender Pancholi on Thu, 17 Sep 2020
Related News from Steel segment