MOIL
Minerals & Mining · India · 5,637 Employees
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About
Headquarters
Moil Bhawan 1a Katol Rd, Katolroad, Maharashtra...Phone Number
+91 7122806182Website
moil.nic.inRevenue
$187.6 MillionStock Symbol
MOILIndustry
Who is MOIL
MOIL is a Schedule "A" Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11. MOIL was originally set up in the year 1896 as Central Province Prospecting Syndicate which was later renamed as Central Provinces Manganese Ore Company Limited (CPMO), a British Company incorporated in the UK. In 1962, as a result of an agreement between the Government of India and CPMO, the assets of the latter were taken over by the Government and MOIL was formed with 51% capital held between the Govt. of India and the State Governments of Maharashtra and Madhya Pradesh and the balance 49% by CPMO. It was in 1977, the balance 49% shareholding was acquired from CPMO and MOIL became a 100% Government Company under the administrative control of the Ministry of Steel. During the Financial year 2010-11, MOIL got listed on 15th December, 2010 on National Stock Exchange and Bombay Stock Exchange. After the listing, the shareholding in the company, of Govt. of India, Govt. of Maharashtra and Govt. of Madhya Pradesh is 71.57%, 4.62% and 3.81% respectively. Rest 20% shares are held by the public. At present, MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. All these mines are about a century old. Except 3, rest of the mines are worked through underground method. The Balaghat Mine is the largest mine of the Company. The mine has now reached a mining depth of about 383 meters from the surface. Dongri Buzurg Mine located in the Bhandara district of Maharashtra is an opencast mine that produces manganese dioxide ore used by dry battery industry. This ore in the form of manganous oxide is used as micro-nutrient for cattle feed and fertilizers. MOIL fulfils about 50% of the total requirement of dioxide ore in India. At present, the annual production is around 1.1 ...Read more
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Feb 28 2024
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MOIL News & Media
MOIL's output grows 6% to 1.3 MT in FY23, 14% higher capex utilised
State-owned MOIL has registered a 6 per cent rise in its manganese ore production to 13.02 lakh tonnes (LT) in 2022-23. The company also utilised 14 per cent higher capital expenditure in the financial year that ended March 31 over 2021-22, the Ministry of Steel said in a statement. MOIL Ltd recorded its second-highest production since inception, registering a 6 per cent growth to 13.02 lakh tonnes in FY23 over the previous year. During FY23,
Manganese ore miner MOIL's FY22 turnover grows 22% to Rs 1,436 crore
Its total sales increased by 6 per cent to 12.12 LT, from 11.43 LT in 2020-21Union Steel Minister announces bonus, wage revision for MOIL employees
Union Minister of Steel Ram Chandra Prasad Singh on Sunday announced a bonus of Rs 28,000 as well as wage revision for the employees of the state-owned Manganese Ore India Limited (MOIL). Singh was addressing a gathering at the inauguration 2nd Vertical Shaft, Chikla Mine and various other facilities of the company based at Nagpur in Maharashtra. He announced a production-linked bonus of Rs 28,000 for all the MOIL employees, which will be paid beforeIndia's MOIL secures new manganese resource base
The company said that GMDC, through its exploration projects and core drilling up to 8,200 meters, has been able to establish new manganese deposits with recoverable mineral of around 7.65 million mt in the Pani area in the western state of Gujarat.State-owned MOIL reports Rs 1.88 crore net profit for June quarter
State-owned MOIL on Thursday posted a net profit of Rs 1.88 crore for the quarter ended June
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Frequently Asked Questions Regarding MOIL
MOIL is a Schedule "A" Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11. MOIL was originally set up in the year 1896 as Central Province Prospecting Syndica... Read More
