MOIL targets to produce 14.75 lakh tonne manganese ore in FY20

State-owned MOIL Thursday said it targets a manganese ore production of 14.75 lakh tonne and a capital expenditure of Rs 210 crore in the current financial year.

For these targets, the public sector undertaking has inked a pact with the Ministry of Steel, MOIL said in a filing to the BSE.

"MOIL Ltd has signed a memorandum of understanding (MoU) for 2019-20. The MoU envisages an ambitious production target of 14.75 lakh tonne of manganese ore and a capex target of Rs 210 crore, besides other parameters related to turnover, financials, project implementation, research and development, human resource management, etc."