Gp Kundargi

In an interview with CNBC-TV18, GP Kundargi, CMD of MOIL said that manganese ore prices bottomed out in the fourth quarter of FY16 and prices are down by 60 percent year-on-year (YoY).

Demand pick since Jan‘16 to aid revenue growth in Q4: MOIL

The company has already signed contracts for dispatch of 4 lakh tonnes of ores inspite of increasing prices, said GP Kundargi, MD, MOIL.

Margins to hold above 40%, to breach 45% in FY15: MOIL

Although oversupply in the market has put pressure on prices, GP Kundargi, CMD, MOIL is confident of holding margins above 40 percent. Going ahead, he expects margins to breach 45 percent in FY15.

Expect total capacity to increase to 1.5mt by FY16: MOIL

In an interview to CNBC-TV18, GP Kundargi, CMD, MOIL spoke about the newly allotted land in Maharashtra. The company also received prospecting license for 11 blocks near Nagpur and Bhandara regions.