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MOIL LTD. - Outcome of Board Meeting
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17 Feb 2015
Moil Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2015, has approved following projects:&lt;BR&gt;&lt;BR&gt;1. Sinking of 2nd (New) Vertical Shaft and other allied works at a cost of Rs. 77.15 crore at MOILs 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.&lt;BR&gt;&lt;BR&gt;2. Deepening of Vertical Shaft and allied works at a cost of Rs. 14.82 crore at MOILs 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.
View all announcements for MOIL LTD. Source: BSE India