AC Choksi Share Brokers Private Limited

A C ChoksiShare Brokers Private LimitedA C Choksi Institutional Research |Initiation Report|MINING MOILApril 26, 2011sOPEX CAGRExhibit 77 -CAGR of operating expensesMOILParticularsCAGR E^Ore Raising and Operating Expenses 14.64%Employee costs 19.10%Transport, rail and other 8.55%Consumption of stores and spares 4.50%Power and fuel 9.60%Repairs and maintenance 11.08%Other 1.39%Manufacturing and electricity generating expenses 15.03%Employee costs 20.21%Consumption of raw materials 20.60%Power and fuel 8.84%Other 12.42%Administrative and selling expenses 16.12%Total administrative expenses 13.03%Total selling expenses 17.73%^ 4 Year CAGR from FY 08 to FY 12 ESource: RHP, A C Choksi Institutional Research_____________________________________________________________________________________A C Choksi Institutional Researchresearch@acchoksi.com 49