MOIL and Gujarat Mineral Corporation to form joint venture for manganese mining
State-owned miniratna MOIL's board has approved an agreement to form a joint venture (JV) company with Gujarat Mineral Corporation (GMDC) for manganese ore mining in Gujarat. As per the agreement, MOIL will have a majority 51 percent stake in the JV company, while the remaining 49 percent will be held by GMDC.
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