MOIL to Set Up 2 Units With SAIL, RINL

Business Standard reported that MOIL (BOM:533286) is partnering to develop two manganese processing facilities.

As quoted in the market news:

Both the units will produce processed products — silco-manganese and ferro-manganese– and are being set up in an equal partnership with the other state-run firms SAIL and RINL, company Chairman KJ Singh said. The unit with SAIL will be established near the Bhilai steel plant in Chhattisgarh for Rs 400 crore and produce about 1,06,000 tonnes of the manganese alloys per annum, he said.

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