MOIL secures mining lease for Parsoda Manganese Mine
Capital MarketMOIL has been granted Mining Lease of Parsoda Manganese Mine near village Parsoda, 46 kms. from Nagpur in the year 2016. The lease extends over an area of 53.75 ha. for 50 years period i.e. from 22 April 2016 to 21 April 2066 the project cost is estimated to be Rs. 19.54 crore.
The Production is expected to be started by end of March/April, 2019. The Mine will be operated by Opencast Mining Method.
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