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Outcome of board meeting of MOIL

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Capital Market
Last Updated : Aug 18 2014 | 6:31 PM IST

Held on 12 August 2014

MOIL announced that the Board of Directors of the Company at its meeting held on 12 August 2014 has approved Project of Sinking of 2nd (New) Vertical Shaft having 160 Mtrs. Depth & 4.50 mtrs. Dia. with a cost of Rs. 51.32 crore at MOIL's Munsar Mine.

The project is expected to complete in 4 years from the day of award of work and the production will start from 5th year and gradually touch additional 96000 MT per annum from this shaft.

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First Published: Aug 18 2014 | 3:20 PM IST

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