MOIL Penalized Rs 17 Crore for Excess Production at Tirodi Mine
State-owned MOIL faces a Rs 16.77 crore penalty for exceeding production limits at its Tirodi mine in Madhya Pradesh. The penalty was imposed for exceeding production limits during 1993-96 and 2006-09.
Photograph: Steve Marcus/Reuters
New Delhi, Jan 8 (PTI) State-owned MOIL on Wednesday said it has been imposed a penalty of Rs 16.77 crore by the collector of Balaghat, Madhya Pradesh.
The penalty has been imposed for excess production at its Tirodi mine beyond the environmental clearance during 1993-94 to 1995-96 and 2006-07 to 2008-09, the PSU said in a BSE filing.
The company said it will file an appeal before the appellate authority against the order.
The penalty will not have any impact on its ongoing operations or activities.
MOIL is a miniratna state-owned manganese-ore mining company headquartered in Nagpur.
At present, MOIL operates its underground and opencast mines in Nagpur and Bhandara districts of Maharashtra and Balaghat district of Madhya Pradesh.
The company produces and sells different grades of manganese ore.
The penalty has been imposed for excess production at its Tirodi mine beyond the environmental clearance during 1993-94 to 1995-96 and 2006-07 to 2008-09, the PSU said in a BSE filing.
The company said it will file an appeal before the appellate authority against the order.
The penalty will not have any impact on its ongoing operations or activities.
MOIL is a miniratna state-owned manganese-ore mining company headquartered in Nagpur.
At present, MOIL operates its underground and opencast mines in Nagpur and Bhandara districts of Maharashtra and Balaghat district of Madhya Pradesh.
The company produces and sells different grades of manganese ore.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.98 ( -1.12)
- 71977289
- G G Engineering
- 0.83 ( -4.60)
- 28831451
- Standard Capital
- 0.49 ( 0.00)
- 21555861
- Sharanam Infra
- 0.67 (+ 4.69)
- 21135771
- Alok Industries Ltd.
- 19.55 (+ 18.70)
- 17658909
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback