- MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.
- The company's reserves of manganese ore are reported to be around 69 million tonnes.
- As on September 30, 2010, the company's reported Cash and Bank balance is around Rs 1700 Crores.
- The company was granted the Mini-Ratna public sector company status in 2008.
- The company was the largest producer of manganese ore by volume in India in Fiscal 2008.
- Net sales Rs.9693.95 million and PAT Rs.4656.20 million in FY 2010, EPS of 27.72 for FY 2010.
I think the offer is reasonably priced and hence one can invest in this IPO to make some money. Besides, its a good long term bet as well.
A detailed report on MOIL prepared by India Infoline can be downloaded by clicking the link below:
http://www.investordost.com/download/file.php?id=78
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