MOIL Ltd

Summary

MOIL Limited is the largest producer and seller of of different grades of Manganese Ore by volume in India. The Company produces high, medium and low grade manganese ore. Also, they produce manganese dioxide and chemical grade manganese ore. All their mines are located in Central India, in States of Maharashtra and Madhya Pradesh, benefiting from well developed road and rail infrastructure. They are actively involved in Exploration and Development (E&D) activities with a view to increasing their proved manganese ore reserves.The Company currently operates seven underground mines, namely Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines and three opencast mines, namely Dongri Buzurg, Sitapatore/ Sukli, and Tirodi. They also own two wind farms with a total aggregate capacity of 20 MW in Nagda Hills and Ratedi Hills near Dewas in Madhya Pradesh.MOIL Ltd was incorporated on June 22, 1962 as a Public Limited Company with the name Manganese Ore (India) Ltd. Pursuant to an agreement between the Government of India and CPMO, the mining leases for manganese ore over the Nagpur, Dongri Buzurg and other areas, consumable stores and other fixed assets were transferred from CPMO to the Company. In the year 1997, CPMO transferred their entire stake to the Government of India and the company became a 100% Government owned company. Also, the Heavy Media Separation Plant located at the Belapur-Hamesha mine and other consumable stores and spares were transferred from CPMO to... Read More