MOIL signs MoU with Steel Ministry.

MOIL has recently signed an MoU with the Ministry of Steel for FY2017-18. The MoU includes targets for achievement of various performance parameters which includes Manganese ore production targets of 12.50 lakh tonnes and capex amount of ₹205.80 crore for excellent grading. The company has been signing the MoU with the Ministry for more than 20 years, it said. The stock of MOIL closed flat at ₹319.90 on the NSE.

HBL