Shares of MOIL rose over 5%, touching the weekly high of Rs274.40, on reports that the company is planning a foray into the power sector.
'India’s largest manganese ore producer and the state-owned firm has floated an expression of interest seeking a tie-up with private mine developers for jointly securing, exploring, mining and commercially exploiting coal blocks allotted under government dispensation route,' as per the reports.
Under the plan, the coal mined from the block would be used to fuel a power plant set up by the MOIL and its partner, added report.
....more info
'India’s largest manganese ore producer and the state-owned firm has floated an expression of interest seeking a tie-up with private mine developers for jointly securing, exploring, mining and commercially exploiting coal blocks allotted under government dispensation route,' as per the reports.
Under the plan, the coal mined from the block would be used to fuel a power plant set up by the MOIL and its partner, added report.
....more info