Moil Ofs

A productivity-linked bonus of Rs 28,000 along with a wage revision for employees of state-owned Manganese Ore India Limited was announced by Centre

Union minister Nitin Gadkari was upset about the absence of the Managing Director of Manganese Ore India Ltd. (MOIL) at a mining-related conclave on Saturday, saying he needs to be "put in his place".

This will be the second government OFS in 2017, the last being the sale of its 10 per cent in Manganese Ore (India) Ltd (MOIL) raising Rs 480 crore.

Retail investors bid for over 1.42 crore shares as against 26.63 lakh shares or 5.3 times the number reserved for them in the two-day offer for sale which closed today.

The 2-day offer of sale (OFS) of the government's 10 per cent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today.

The government currently holds 75.58 per cent in MOIL, formerly known as Manganese Ore India Ltd.

Among major gainers were IL&FS Transportation Networks, IOC, Jubilant Life Sciences, MMTC and MOIL, taking the total number of companies to have touched their one year peak to 192.

"The prices have been increased...by 15 per cent of Electrolytic Manganese Dioxide on the prevailing prices," the company said.

MOIL in a press release today said that it has increased prices of various grades manganese ore. Prices of ferro grade ore have been hiked by 30 per cent with effect from October 1, 2016.

The government plans sale of 10 per cent stake each in Nalco, NMDC and MOIL, which could fetch about Rs 6,000 crore to the exchequer at the current market price.

Mining giant NMDC and manganese miner MOIL on Thursday said their share buyback programmes worth close to Rs 8,400 crore will open next week on September 19.

Manganese Ore India Ltd (MOIL) is the single largest producer of manganese ore in the country with an annual production of 1.1 million tonnes (MT).

State-run MOIL on Monday reported a 48 per cent fall in standalone net profit at Rs 47.15 crore for the quarter ended June 30, due to lower offtake of manganese ore and selling price pressures.

Stock markets are expected to react to Federal Reserve Chair Janet Yellen's speech when it opens for trade on Monday besides taking cues from macroeconomic data and investment trend by overseas investors, say experts.

Manganese miner MOIL on Thursday said it has fixed August 8 as the record date for its share buyback programme worth Rs 863.34 crore.

A productivity-linked bonus of Rs 28,000 along with a wage revision for employees of state-owned Manganese Ore India Limited was announced by Centre

Union minister Nitin Gadkari was upset about the absence of the Managing Director of Manganese Ore India Ltd. (MOIL) at a mining-related conclave on Saturday, saying he needs to be "put in his place".

This will be the second government OFS in 2017, the last being the sale of its 10 per cent in Manganese Ore (India) Ltd (MOIL) raising Rs 480 crore.

Retail investors bid for over 1.42 crore shares as against 26.63 lakh shares or 5.3 times the number reserved for them in the two-day offer for sale which closed today.

The 2-day offer of sale (OFS) of the government's 10 per cent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today.

The government currently holds 75.58 per cent in MOIL, formerly known as Manganese Ore India Ltd.

Among major gainers were IL&FS Transportation Networks, IOC, Jubilant Life Sciences, MMTC and MOIL, taking the total number of companies to have touched their one year peak to 192.

"The prices have been increased...by 15 per cent of Electrolytic Manganese Dioxide on the prevailing prices," the company said.

MOIL in a press release today said that it has increased prices of various grades manganese ore. Prices of ferro grade ore have been hiked by 30 per cent with effect from October 1, 2016.

The government plans sale of 10 per cent stake each in Nalco, NMDC and MOIL, which could fetch about Rs 6,000 crore to the exchequer at the current market price.

Mining giant NMDC and manganese miner MOIL on Thursday said their share buyback programmes worth close to Rs 8,400 crore will open next week on September 19.

Manganese Ore India Ltd (MOIL) is the single largest producer of manganese ore in the country with an annual production of 1.1 million tonnes (MT).

State-run MOIL on Monday reported a 48 per cent fall in standalone net profit at Rs 47.15 crore for the quarter ended June 30, due to lower offtake of manganese ore and selling price pressures.

Stock markets are expected to react to Federal Reserve Chair Janet Yellen's speech when it opens for trade on Monday besides taking cues from macroeconomic data and investment trend by overseas investors, say experts.

Manganese miner MOIL on Thursday said it has fixed August 8 as the record date for its share buyback programme worth Rs 863.34 crore.