About MOIL Limited

MOIL Limited is a Schedule ‘A’ Miniratna Category-I, Government of India enterprise and the country’s largest manganese ore producer, with origins as Central Province Prospecting Syndicate in 1896 and later Central Provinces Manganese Ore Company Limited before Government takeover in 1962 and complete ownership from 1977 onwards. The company operates underground and opencast mines across Nagpur and Bhandara districts in Maharashtra and Balaghat district in Madhya Pradesh, producing high, medium, and blast-furnace grade manganese ore and dioxide ore used in ferro alloys, steel, chemicals, and dry battery cells. MOIL supplies around 46% of India’s dioxide ore requirements and also runs wind energy farms at Nagda Hills and Ratedi Hills in Madhya Pradesh in line with its sustainability focus. As on March 31, 2025, employee strength stood at 5,250, supporting mining, processing, and allied activities across its central Indian belt footprint. The company recorded its highest-ever performance in FY 2024-25, with revenue from operations of Rs 1,584.94 crore and total income of Rs 1,696.31 crore, driven by increased ore sales and strong steel-sector demand. Key milestones include designation in February 2024 as State Trading Enterprise for manganese ore exports, initiation of export e-bids, and revised Strategic Management Plan to reach 3.50 million tonnes production by 2030 leveraging a 121.97 million MT resource base.

MOIL Limited Business Segment

• Manganese Ore: Core mining products revenue Rs 1,455.00 crore in FY 2024-25, up from Rs 1,359.55 crore, supported by sales of 15.87 lakh MT and average realization improving to Rs 9,164 per MT.

• Manufactured Products: Ferro manganese and electrolytic manganese dioxide (EMD) revenue Rs 123.89 crore in FY 2024-25, with ferro manganese sales rising to 12,942 MT while EMD sales were 737 MT amid softer battery demand.

• Power: Sale of power contributed Rs 6.05 crore from wind turbine generation of 251.25 lakh kWh in FY 2024-25.

MOIL Limited Key Management

• Ajit Kumar Saxena — Chairman-cum-Managing Director.

• Rakesh Tumane — Director (Finance).

• Neeraj Pandey — Company Secretary.

Latest Updates on MOIL Limited

• Achieved highest-ever production of 18.03 lakh MT, ore sales of 15.87 lakh MT, and record revenue from operations Rs 1,584.94 crore in FY 2024-25, with EBITDA margin at 40.31% and PAT at Rs 381.64 crore.

• Designated as State Trading Enterprise for manganese ore exports by Government notification dated February 13, 2024; commenced international e-bid mechanism and floated global tenders based on domestic supplier offers.

• Strategic Management Plan 2030 revised to target 3.50 million tonnes ore production by FY 2030, focusing on mechanisation, new shafts, and lease additions; MoUs signed with Gujarat, Madhya Pradesh, and Chhattisgarh for exploration, with Maharashtra discussions underway.

• Expanded ferro manganese output to 12,000 MT in FY 2024-25 (up 18.08% y-o-y), with manufactured products turnover increasing 49% to Rs 123.89 crore.

Board and committee composition non-compliances during FY 2024-25 due to vacancies in Independent Directors, with partial compliances restored effective April 15, 2025; exchanges issued notices with penalties under review for waiver.