Premium
This is an archive article published on March 25, 2011

Steel Ministry asks MOIL to jack up capacity

The steel ministry has asked MOIL to initiate steps to increase its manganese ore production capacity to 15 lakh tonnes LT by 2015-16 from 10.93 LT in 2009-10.

google-preferred-btn

The steel ministry has asked MOIL to initiate steps to increase its manganese ore production capacity to 15 lakh tonnes LT by 2015-16 from 10.93 LT in 2009-10.

Reviewing MOIL8217;s third quarter performance on Thursday,the ministry advised the firm to expand the capacity of its mines by carrying out modernisation programmes and endeavour to achieve a production of 20 LT by 2020,an official statement said.

Steel Minister Beni Prasad Verma,who was present at the meeting,assured MOIL that the government will extend all possible support to ensure better performance and development of the company.

Meanwhile,MOIL has already initiated several measures including deepening and sinking of vertical shafts 8212; at its existing mines,besides large scale opencast development and acquisition of new mines in India and abroad to boost capacity.

The company has already embarked on a Rs 1,232.25 crore capacity expansion plan for the period 2009-10 to 2016-17,the statement added.

MOIL produced 8.14 lakh tonnes manganese ore during the April-December period of the current fiscal. It clocked a Rs 455.69 crore net profit during the period on a sales turnover of Rs 886.09 crore.

The company had reported a Rs 965.47 crore turnover in 2009-10 and a net profit of Rs 466.35 crore.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Call on Bangladesh seamer Mustafizur-Rahman’s IPL ouster taken at top level in BCCI
Call on Bangladesh seamer Mustafizur Rahman’s IPL ouster taken at top level in BCCI
Nikitha Godishala
Father of Secundarabad woman found murdered in US says not right to say accused was ‘ex-boyfriend’
Anupam Mittal shares how Shark Tank India works.
Shark Tank India 5 pitcher grilled by Anupam Mittal for calling himself a doctor while studying aromatherapy: 'Kya kaand karne aaye ho?' 
Jana Nayagan Movie
Jana Nayagan worldwide advance booking: Vijay’s film mints Rs 35 crore in pre-sales
During the march, Aloka was struck by a car and later fell seriously ill
From Indian streets and across continents: The incredible journey of Aloka, the ‘peace dog’, currently on a 2,300-mile walk
Post-COVID, Ankur Warikoo and his family also embraced organic living
‘2 meals a day, lifting weights’: Entrepreneur Ankur Warikoo shares 5 lifestyle changes that transformed his health
Joe Root England Ashes
Why Joe Root’s troubles against Pat Cummins, Josh Hazlewood and Jasprit Bumrah prevent him from becoming an all-time Test great
Ruben Amorim manchester united sacking
The Ruben Amorim meltdown and a Back 3 stubbornness that led to the latest exit at Manchester United
We hope that the Modi government can undertake it and realise its unfulfilled dream of not just doubling farmers’ incomes but augmenting it manifold.
A lesson from Beed in raising farmers’ incomes
Trump Greenland Denmark
After Venezuela, is Greenland next? Inside Trump’s alleged ‘3-phase plan’ to take the Arctic
Here are the biggest celebrity health confessions of 2025
Top 5 most talked about celebrity health confessions of 2025
Samsung introduced its massive 130 inch ultra-slim Micro RGB TV at the Wynn hotel in Las Vegas, ahead of the CES 2026 event that kicks off on Jan 6. (Image credit: Anuj Bhatia/Indian Express)
Samsung unveils jumbo-sized TVs with richer colours, brings AI across the smart home
Advertisement
Must Read
Why Joe Root’s troubles against Pat Cummins, Josh Hazlewood and Jasprit Bumrah prevent him from becoming an all-time Test great
Joe Root England Ashes
The Ruben Amorim meltdown and a Back 3 stubbornness that led to the latest exit at Manchester United
Ruben Amorim manchester united sacking
As WPL arrives, six-hitting expected to see an uptick
WPL six hitting
Samsung unveils jumbo-sized TVs with richer colours, brings AI across the smart home
Samsung introduced its massive 130 inch ultra-slim Micro RGB TV at the Wynn hotel in Las Vegas, ahead of the CES 2026 event that kicks off on Jan 6. (Image credit: Anuj Bhatia/Indian Express)
LG brings back wallpaper TV with a brighter, sharper W6 OLED
The W6 will be offered in 77-inch and 83-inch sizes and continues LG’s push toward wireless living-room setups. (Image: LG)
‘Do more with less’: Anthropic’s Daniela Amodei outlines strategy to compete with OpenAI
Daniela Amodei
Top 5 most talked about celebrity health confessions of 2025
Here are the biggest celebrity health confessions of 2025
Advertisement
Buzzing Now
From Indian streets and across continents: The incredible journey of Aloka, the ‘peace dog’, currently on a 2,300-mile walk
During the march, Aloka was struck by a car and later fell seriously ill
‘2 meals a day, lifting weights’: Entrepreneur Ankur Warikoo shares 5 lifestyle changes that transformed his health
Post-COVID, Ankur Warikoo and his family also embraced organic living
Kerala man working as driver in Dubai wins Rs 24 lakh lottery after trying his luck for 2 years
Despite the win, he has no plans to stop trying his luck and said he will continue participating in future Big Ticket draws
Indian man beaten with slippers by transgender women in Pattaya after dispute over 'unpaid service', video goes viral
The transgender woman accused him of refusing payment
10-hour factory shifts to US tech firm: How Indian man rewrote his future in just 18 months after dropping out of college
His first internship was difficult, but it pushed him to improve
Jan 06: Latest News
Advertisement