Held on 14 February 2015
MOIL announced that the Board of Directors of the Company at its meeting held on 14 February 2015, has approved following projects:1. Sinking of 2nd (New) Vertical Shaft and other allied works at a cost of Rs. 77.15 crore at MOIL's Ukwa Mine. The project is expected to be completed in 4 years from the date of award of work and the production will start from 5th year to gradually touch additional 1.05 Lakh MT per annum.
2. Deepening of Vertical Shaft and allied works at a cost of Rs. 14.82 crore at MOIL's Kandri Mine. The project is expected to be completed in 3 years from the date of award of work and the production will start from 4th year to gradually increase from 0.63 Lakh MT per annum to 1.2 Lakh MT per annum.
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