November 24, 2010

MOIL IPO, India’s Top Manganese Producer

In its recent IPO, Coal India’s stock rose 40% on the opening day.

Now MOIL, India’s top Manganese ore producer, will have its debut on the public markets with 33.6 million shares, expecting to raise about $275 m. Will MOIL’s stock rise like Coal India’s?

Both companies are at the front lines of meeting the massive demand in India, an economy that is expected to grow 9.3% per year for the next 20 years.

MOIL is one of the Indian Infrastructure leaders raising funds in the public markets.

Per Green World Investor’s analysis MOIL is a Must Buy stock.

MOIL Manganese Mine