MOIL Share price

Our Company was incorporated on June 22 1962 as a public limited company with the RoC under the name Manganese Ore (India) Limited under the provisions of the Companies Act. Subsequently the name of our Company was changed from Manganese Ore (India) Limited to MOIL Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on August 17 2010. This name change was deemed appropriate on the basis that our Company is better known within the industry to its customers and the general public as MOIL. In 1896 a British company by the name of Central Provinces Prospecting Syndicate was set up. In 1924 it changed its name to the Central Provinces Manganese Ore Company Limited ("CPMO"). CPMO ran extensive mining operations for manganese ore within the present-day state of Madhya Pradesh prior to Indian independence. Our Company was set up pursuant to an agreement dated June 8 1962 between the GoI and CPMO (the "1962 Agreement"). Pursuant to the terms of this agreement our Company was incorporated and certain assets of CPMO were transferred to us in return for 49% of Equity Shares of our Company. Our Company was incorporated with a view to inter alia obtain and work mining leases for manganese ore over the Nagpur Dongri Buzurg and other areas. In 1977 CPMO ceased its involvement with our Company following a sale of its entire shareholding and certain other properties and assets associated with our operations to the Government of India for an aggregate consideration of ` 15067758 pursuant to an agreement dated September 21 1977 (the "1977 Agreement"). The transfer of all these assets both movable and immovable was made free from any and all liens encumbrances lis-pendens charges and hypothecation.The Government of India vide letter dated September 21 1977 had nominated our Company as the recipient of the assets transferred by CPMO under the 1977 Agreement. Major Events and MilestonesYear Event 1962 Incorporation of our Company; Transfer of mining leases for manganese ore over the Nagpur Dongri Buzurg and other areas consumable stores and other fixed assets from CPMO pursuant to the 1962 Agreement 1977 Transfer of entire stake by CPMO to Government of India and our Company became a 100% Government owned company; Transfer of the Heavy Media Separation Plant located at the Belapur-Hamesha mine and other consumable stores and spares from CPMO pursuant to the 1977 Agreement 1991 Set up Electrolytic Manganese Dioxide Plant ("EMD") at Dongri Buzurg mine 1998 Set up High Carbon Ferro Manganese plant with capacity of 10000 TPA at Balaghat mine 2001 Set up integrated Manganese Beneficiation Plant at Dongri Buzurg mine 2006 Wind farm with power generation capacity of 4.8MW commissioned 2006 Issue of Bonus Shares (shares issued on a pro rata basis based upon each of our shareholders? current holding) 2007 Achieved annual production of 1mn tonnes 2007 Company shifted to its present corporate office at ?MOIL Bhavan? at 1-A Katol Road Nagpur 2007 Set up integrated Manganese Beneficiation Plant at Balaghat mines with capacity of 0.5mn TPA 2008 Second wind farm with power generation capacity of 15.2 MW commissioned 2008 ?Mini-Ratna ' Category ' I? status conferred 2008 Incorporated 50:50 Joint Venture company ?SAIL and MOIL Ferro Alloys Private Ltd? with SAIL to manufacture ferro alloys at Bhilai (C.G.) 2009 Equity Shares of our Company split from ` 100 per share to ` 10 per share. 2009 Issue of Bonus Shares in the ratio 1:5 2009 Achieved annual turnover of more than ` 1000mn Awards Certifications and Recognition Year Award/Recognition 2010 International Convention on Quality Concepts Circle? Parakh Manganese Ore (India) Limited INDIA Gold Award from ICQCC. International Convention on Quality Concepts Circle ? Panchratna Manganese Ore (India) Limited INDIA Gold Award ICQCC-2010. ISO 9001:2008 certificate issued by International Certification Services Private Limited for our Company?s quality management system. This certification is valid until March 16 2013 2009OHSAS 18001:2007 issued by Vexil Business Process Systems for Underground Mining and Sale of Manganese Ore at Balaghat Mine. This certification is valid until October 8 2012 OHSAS 18001:2007 issued by Vexil Business Process Systems for Opencast Mining and Sale of Manganese Ore at Dongri Buzurg Mine. This certification is valid until October 8 2012 Awarded MoU Excellence Award in the Mining and Metals sector for the year 2006-07 by the GoI Department of Public Enterprises and the Ministry of Heavy Industries and Public Enterprises Awarded MoU ?Excellent? Rating for excellence in the achievement of MoU Targets for the year 2007-2008 by the GoI Department of Public Enterprises and the Ministry of Heavy Industries and Public Enterprises Second prize in the National Energy Conservation Award in appreciation of achievements in the Mining sector awarded to our Company by the GoI Ministry of Power National Quality Circle Award - Team Pancharatna QC from Dongri Buzurg Mine awarded Par Excellent Award and Parakh QC from Tirodi Mine awarded Excellent Award 2008 Ispat Rajbhasha Trophy for excellent works done in Hindi ISO 9001:2000 certificate issued by Vexil Business Process Systems for the Ferro Manganese Plant certified for the ?manufacture and supply of high carbon Ferro Manganese?. This certification is valid until September 27 2011 ISO 9001:2000 certificate issued by Vexil Business Process Systems for the Electrolytic Manganese Dioxide Plant certified for the ?manufacture and supply of Electrolytic Manganese Dioxide?. This certification is valid until September 26 2011 National Safety Award - Runners-up Trophy for Lowest Injury Frequency Rate at Dongri Buzurg Mine awarded by the Directorate General of Mines Safety Ministry of Labour and Employment GoI National Safety Award - Winner?s Trophy for Longest Accident Free Period at Chikla Mine awarded by the Directorate General of Mines Safety Ministry of Labour and Employment GoI 2007 Awarded MoU ?Excellent? Rating for the year 2005-06 by the GoI Department of Public Enterprises and the Ministry of Heavy Industries and Public Enterprises Awarded MoU ?Excellent? Rating for the year 2004-05 by the GoI Department of Public Enterprises and the Ministry of Heavy Industries and Public Enterprises National Safety Award - Runners-up Trophy for Lowest Injury Frequency Rate at Beldongri Mine awarded by the Directorate General of Mines Safety Ministry of Labour and Employment GoI National Safety Award - Winner?s Trophy for Longest Accident Free Period at Dongri Buzurg Mine awarded by the Directorate General of Mines Safety Ministry of Labour and Employment GoI First prize - National Energy Conservation Award for the Mining Sector awarded to the Chikla Mine by the Government of India 2006 First prize - National Energy Conservation Award in the mining sector awarded to the Balaghat Mine by theGovernment of India First prize - National Energy Conservation Award in the chemical sector awarded to our Company?s ElectrolyticManganese Dioxide Plant by the Government of India State level award for excellence in energy conservation and management awarded to our Company?s ElectrolyticManganese Dioxide Plant awarded by the Maharashtra Energy Development Agency Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 2003-2004 by the GoI Ministryof Heavy Industries and Public Enterprises and Department of Public Enterprises State level award for excellence in energy conservation and management for the Chikla Mine awarded by theMaharashtra Energy Development Agency 2005 First prize - National Energy Conservation Award in the chemical sector awarded to our Company?s Electrolytic Manganese Dioxide Plant at Dongri Buzurg Mine by the Government of India 2004 Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 2002-03 by the GoI Ministry of Heavy Industries and Public Enterprises and Department of Public Enterprises 2002 Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 2000-01 by the GoI Ministry of Heavy Industries and Public Enterprises and Department of Public Enterprises 2000Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 1998-99 by the GoI Ministry of Heavy Industries and Public Enterprises and Department of Public Enterprises 1993Awarded the Economic Times and the Harvard Business School Association of India awards for excellence in corporate performance