MOIL LTD.
NSE : MOILBSE : 533286ISIN
CODE : INE490G01020Industry : Mining & MineralsHouse
: PSU
BSE439.2032.8 (+8.07 % )
PREV CLOSE (Rs.) 406.40
OPEN PRICE (Rs.) 433.05
BID PRICE (QTY) 438.95 (108 )
OFFER PRICE (QTY) 439.40 (7 )
VOLUME 725955
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE439.10 32.9 (+8.1 % )
PREV CLOSE(Rs.) 406.20
OPEN PRICE (Rs.) 434.05
BID PRICE (QTY) 438.85 (1422 )
OFFER PRICE (QTY) 439.10 (264 )
VOLUME 11126047
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 03-Apr-2024 | MOIL posts 35% growth in manganese ore production | <p style="text-align: justify;">MOIL has posted 35% year-on-year (Y-O-Y) jump in manganese ore production to 17.56 lakh tonnes during FY24. It had produced 13.02 lakh tonnes (LT) manganese ore during FY23. The company has recorded best ever production of any financial year since inception at 17.56 lakh tonnes. This is 29% higher than the previous best ever production of 13.64 lakh tonnes in FY08.</p><p style="text-align: justify;">On the sales front, the company has achieved its best ever sales of 15.36 lakh tonnes in FY24, registering a remarkable growth of 30% y-o-y. This is 10% higher than the previous best ever sales of 13.92 lakh tonnes in FY08.</p><p style="text-align: justify;">The company has also achieved best ever production of Electrolytic Manganese Dioxide (EMD) at 1413 tonnes, higher by 28% y-o-y. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries. </p><p style="text-align: justify;">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).</p> |
| 03-Apr-2024 | MOIL shines on posting 35% growth in manganese ore production | <p style="text-align: justify;">MOIL is currently trading at Rs. 318.75, up by 14.10 points or 4.63% from its previous closing of Rs. 304.65 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 311.65 and has touched a high and low of Rs. 322.90 and Rs. 311.65 respectively. So far 296247 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.15 on 02-Feb-2024 and a 52 week low of Rs. 144.85 on 05-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 322.90 and Rs. 276.85 respectively. The current market cap of the company is Rs. 6452.52 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 16.01% and 19.30% respectively.</p><p style="text-align: justify;">MOIL has posted 35% year-on-year (Y-O-Y) jump in manganese ore production to 17.56 lakh tonnes during FY24. It had produced 13.02 lakh tonnes (LT) manganese ore during FY23. The company has recorded best ever production of any financial year since inception at 17.56 lakh tonnes. This is 29% higher than the previous best ever production of 13.64 lakh tonnes in FY08.</p><p style="text-align: justify;">On the sales front, the company has achieved its best ever sales of 15.36 lakh tonnes in FY24, registering a remarkable growth of 30% y-o-y. This is 10% higher than the previous best ever sales of 13.92 lakh tonnes in FY08.</p><p style="text-align: justify;">The company has also achieved best ever production of Electrolytic Manganese Dioxide (EMD) at 1413 tonnes, higher by 28% y-o-y. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries. </p><p style="text-align: justify;">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).</p> |
| 01-Apr-2024 | MOIL revises prices of different grades of manganese ore, other products | <p style="text-align: justify;">MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from April 01, 2024. The prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above have been increased by 6% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.</p><p style="text-align: justify;">The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.</p><p style="text-align: justify;">The prices of all SMGR (Mn-30% & Mn-25%), Fines and Chemical grades have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024. The basic price of EMD has been increased by Rs 2000 PMT from Rs 205000 PMT to Rs 207000 PMT for the month of April 2024. </p><p style="text-align: justify;">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).</p> |
| 01-Apr-2024 | MOIL trades higher on the BSE | <p style="text-align: justify;">MOIL is currently trading at Rs. 293.35, up by 15.10 points or 5.43% from its previous closing of Rs. 278.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 281.75 and has touched a high and low of Rs. 296.30 and Rs. 281.75 respectively. So far 48721 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.15 on 02-Feb-2024 and a 52 week low of Rs. 141.00 on 29-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 296.30 and Rs. 276.20 respectively. The current market cap of the company is Rs. 5975.34 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 16.01% and 19.30% respectively. </p><p style="text-align: justify;">MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from April 01, 2024. The prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above have been increased by 6% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.</p><p style="text-align: justify;">The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.</p><p style="text-align: justify;">The prices of all SMGR (Mn-30% & Mn-25%), Fines and Chemical grades have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024. The basic price of EMD has been increased by Rs 2000 PMT from Rs 205000 PMT to Rs 207000 PMT for the month of April 2024. </p><p style="text-align: justify;">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).</p> |
| 21-Mar-2024 | Minerals and mining sector stocks shine amid rise in January production data | <p style="text-align: justify;"></p><p style="text-align: justify;">Minerals and mining sector stocks shined on the BSE, as the Indian Bureau of Mines in its latest data has showed that the index of mineral production of the country's mining and quarrying sector rose by 5.9 per cent in January 2024 as compared to the level in January 2023. The cumulative growth for the period April-Jan 2023-24 over the corresponding period of the previous year works out to 8.3 per cent. </p><p style="text-align: justify;">MOIL is currently trading at Rs. 288.00, up by 16.50 points or 6.08% from its previous closing of Rs. 271.50 on the BSE.</p><p style="text-align: justify;">Gujarat Mineral Development Corporation is currently trading at Rs. 357.20, up by 13.35 points or 3.88% from its previous closing of Rs. 343.85 on the BSE.</p><p style="text-align: justify;">NMDC is currently trading at Rs. 206.25, up by 0.50 points or 0.24% from its previous closing of Rs. 205.75 on the BSE.</p><p style="text-align: justify;">The production level of important minerals in January 2024 were: Coal 998 lakh tonne, Lignite 41 lakh tonne, Natural gas (utilised) 3073 million cubic meters, Petroleum (crude) 25 lakh tonne, Bauxite 2426 thousand tonne, Chromite 251 thousand tonne, Copper Concentrate 12.6 thousand tonnes, Gold 134 kg, Iron ore 252 lakh tonne, Lead Concentrate 34 thousand tonnes, Manganese ore 304 thousand tonnes, Zinc concentrate 152 thousand tonne, Limestone 394 lakh tonne, Phosphorite 109 thousand tonne, and Magnesite 13 thousand tonne. </p><p style="text-align: justify;">Important minerals showing positive growth during January 2024 over January 2023 include Magnesite (90.1per cent), Copper Concentrate (34.2 per cent), Coal (10.3 per cent), Limestone (10 per cent), Bauxite (9.8 per cent), Manganese Ore (7.8 per cent), Natural gas (U) (5.5 per cent), Lead Concentrate (5.2 per cent), Iron Ore (4.3 per cent), Lignite (3.6 per cent), Zinc concentrate (1.3 per cent), and Petroleum (crude) (0.7 per cent). Other important minerals showing negative growth include Gold (-23.4 per cent), Chromite (-35.2 per cent) and Phosphorite (-44.4 per cent).</p><p></p><div style="text-align: justify;"><br></div> |
| 04-Mar-2024 | MOIL registers 15% growth in manganese ore production in February | <p style="text-align: justify;">MOIL has achieved best ever February production of 1.51 lakh tonnes Manganese (Mn) ore, higher 15% y-o-y. Production of 15.84 lakh tonnes upto February, 2024, has registered a remarkable growth of 37% y-o-y, surpassing best ever production of any financial year since inception.</p><p style="text-align: justify;">On the sales front too, the company has achieved sales of 1.56 lakh tonnes, 18 percent higher than Feb, 2023. During the year (upto February 2024) sales of 13.91 lakh tonnes has been achieved, scaling an impressive growth of 32% y-o-y. The company has been giving utmost thrust to exploration month after month. In the current FY upto February, 2024, MOIL has carried out core drilling of 78,922 meters which is more than double y-o-y.</p><p style="text-align: justify;">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).</p><div style="text-align: justify;"><br></div> |
| 04-Mar-2024 | MOIL trades jubilantly on registering 15% growth in manganese ore production in February | <p style="text-align: justify;">MOIL is currently trading at Rs. 305.50, up by 26.00 points or 9.30% from its previous closing of Rs. 279.50 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 288.00 and has touched a high and low of Rs. 313.25 and Rs. 288.00 respectively. So far 335296 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.15 on 02-Feb-2024 and a 52 week low of Rs. 140.65 on 29-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 313.25 and Rs. 259.50 respectively. The current market cap of the company is Rs. 6220.54 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 16.01% and 19.30% respectively. </p><p style="text-align: justify;">MOIL has achieved best ever February production of 1.51 lakh tonnes Manganese (Mn) ore, higher 15% y-o-y. Production of 15.84 lakh tonnes upto February, 2024, has registered a remarkable growth of 37% y-o-y, surpassing best ever production of any financial year since inception.</p><p style="text-align: justify;">On the sales front too, the company has achieved sales of 1.56 lakh tonnes, 18 percent higher than Feb, 2023. During the year (upto February 2024) sales of 13.91 lakh tonnes has been achieved, scaling an impressive growth of 32% y-o-y. The company has been giving utmost thrust to exploration month after month. In the current FY upto February, 2024, MOIL has carried out core drilling of 78,922 meters which is more than double y-o-y.</p><p style="text-align: justify;">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).</p> |
| 31-Jan-2024 | Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s | Additional details required for corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations 2015. |
| 03-Jan-2024 | MOIL registers 31% growth in manganese ore production in December | <p style="text-align: justify;">MOIL has achieved best ever monthly production of Manganese (Mn) ore and registered production of 1.85 lakh MT in December, 2023, which is 31% higher y-o-y. In the current FY upto December, 2023 also, the company has registered a remarkable growth of 41% y-o-y, with production of 12.73 lakh MT of manganese ore. On the sales front too, the company continued to scale impressive growth of 40% during first nine months of FY24 with sales of 11.01 lakh MT of manganese ore. </p><p style="text-align: justify;">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).</p><div style="text-align: justify;"><br></div> |
| 03-Jan-2024 | Mahindra EPC Irrigation, Arihant Superstructures and Rail Vikas Nigam to see some action today | <p style="text-align: justify;"><b>Mahindra EPC Irrigation</b> has been awarded four contracts worth around Rs 13.34 crore from Office of the Asst. Engineer, Water Users Association for supply of Micro Irrigation Systems. The said orders is to be executed within 4 months. </p><p style="text-align: justify;"><b>Arihant Superstructures </b>(ASL) has signed a new Low-rise township project spread across 118 acres at Chowk, Off Old Mumbai-Pune Highway near Panvel, Navi Mumbai. It falls under the Navi Mumbai Airport region of ‘Mumbai 3.0' and is a 25-minute drive from the upcoming Navi Mumbai International Airport & MTHL Sea Link which connects to South Mumbai. The project is being acquired partly on outright basis and partly in a Joint-Venture transaction. </p><p style="text-align: justify;"><b>Rail Vikas Nigam</b>'s (RVNL) joint venture (JV) -- KRDCL-RVNL has received Letter of Acceptance (LoA) worth Rs 123.36 crore from Southern Railway (CAO-CN-ERS-Engineering) for Major upgradation/redevelopment of Varkala Sivagiri Railway Station. RVNL share amount is Rs 60.44 crore.</p><p style="text-align: justify;"><b>East West Holdings</b> through its wholly owned Subsidiary (WOS) East West Freight Carriers has successfully renewed Custom House Agents (CHA) service contract with the Indian Institute of Science (IISC), Bengaluru, which is ranked as India's top University and Research institution. This renewed Custom House Agents (CHA) service contract with IISC, Bengaluru is expected to generate Rs 18-22 crore revenue for the company. </p><p style="text-align: justify;"><b>Jubilant FoodWorks</b> has received approval for the investment and also entering into a Power Purchase Agreement and Security Subscription and Shareholders Agreement on January 2, 2024 with O2 Renewable Energy XVI (O2 Renewable), a wholly-owned subsidiary of O2 Energy SG, Singapore for acquisition of upto 6.32% stake of O2 Renewable for purchase of renewable energy power (electricity) generated from the Captive Generating Plant (CGP). </p><p style="text-align: justify;"><b>Sarthak Global</b> has executed an LLP Investment Agreement with Alpha Alternatives MSAR LLP on January 1, 2024. Sarthak Global shall act as an Investment Partner of Alpha Alternatives MSAR LLP with approximate 0.06% profit sharing ratio.</p><div style="text-align: justify;">Continuing with its stellar performance, <b>MOIL </b>has achieved best ever monthly production of Manganese (Mn) ore and registered production of 1.85 lakh MT in December, 2023, which is 31% higher y-o-y. In the current FY upto December, 2023 also, the company has registered a remarkable growth of 41% y-o-y, with production of 12.73 lakh MT of manganese ore. On the sales front too, the company continued to scale impressive growth of 40% during first nine months of FY 24 with sales of 11.01 lakh MT of manganese ore.</div> |
