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.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app