Overview

Monnet Ispat & Energy Limited (MIEL) has a strong presence in the Mining segment and owns and operates the single largest underground coal mine in India. With the aim to reduce dependence on market vagaries and to cut down the cost of the vital raw materials for its sponge iron and power plants, Monnet has acquired many coal, iron ore and limestone blocks to emerge as a highly backward integrated player.The Company has Coal Blocks like Gare Palma IV/5, Utkal B2, Urtan North, Raigmar dipside block and Mandakini.Expanding its horizons beyond the country's frontiers, Monnet Ispat & Energy Limited (MIEL) through its 100 % owned subsidiary Monnet Global Limited (MGL), completed the acquisition of Indonesian Coal Company - PT Sarwa Sembada Karya Bumi, in the Jambi province of Sumatra, Indonesia.

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