MOIL (earlier known as Manganese Ore (India) Limited) is a

miniratna Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments. These types of firms can also be a joint venture of multiple PSUs. ...

government

manganese ore Manganese is a chemical element; it has symbol Mn and atomic number 25. It is a hard, brittle, silvery metal, often found in minerals in combination with iron. Manganese was first isolated in the 1770s. It is a transition metal with a multifac ...

mining Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...

company headquartered in

Nagpur Nagpur (; ISO 15919, ISO: ''Nāgapura'') is the second capital and third-largest city of the Indian state of Maharashtra. It is called the heart of India because of its central geographical location. It is the largest and most populated city i ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. With a market share of 50%, it is the largest producer of manganese ore in India. MOIL operates 11 mines in adjoining districts of

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

and

Madhya Pradesh Madhya Pradesh (; ; ) is a state in central India. Its capital is Bhopal and the largest city is Indore, Indore. Other major cities includes Gwalior, Jabalpur, and Sagar, Madhya Pradesh, Sagar. Madhya Pradesh is the List of states and union te ...

. It has been ranked #486 among the 500 top companies in India and 9th in the mines and metals sector of the

Fortune India 500 The ''Fortune India'' 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures. The list is published annually by ''Fortune'' magazine. ''Fortune India'' is ''Fortune'' sixth internati ...

list for 2011. In December 2010, the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

divested about 20% of its equity through an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. Of the 20%, the Indian Government divested 10%, and the

Government of Maharashtra The Government of Maharashtra is the executive branch of the Indian states of india, state of Maharashtra. The government is led by the List of chief ministers of Maharashtra, chief minister (currently Devendra Fadnavis since 5 December 2024) ...

and the

Government of Madhya Pradesh The Government of Madhya Pradesh (abbreviated as MP) or Madhya Pradesh Government, is the supreme governing authority of the Indian state of Madhya Pradesh and its 55 districts. It consists of an executive, led by the governor of Madhya Prade ...

each divested 5% of the total equity. The central government holds 54% and the two state governments hold about 11% shares in MOIL. and the public holds about 35% shares.

History

MOIL was originally set up as "Central Province Prospecting Syndicate" in the year 1896 in the region of

and

. It was later renamed as "Central Provinces Manganese Ore Company Limited (CPMO)" in 1935. In 1962, the Government of India took over the mining activities from CPMO. Then, Manganese Ore (India) Limited was formed with 51% stake held between the Government of India and the Maharashtra and Madhya Pradesh State governments. The other 49% was retained with CPMO. In 1977, the balance of 49% was acquired from CPMO, and MOIL became a 100% state-owned enterprise.

Mines

Eight of MOIL's eleven mines are underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat, and Ukwa mines) and three are opencast mines (Dongri Buzurg, Sitapatore, and Tirodi). Its Balaghat mine is the largest of the 11 mines and the deepest at 383 metres.

References

External links

Official Website
* {{DEFAULTSORT:Moil Limited Government-owned companies of India Mining companies of India Companies based in Maharashtra Mining in Maharashtra 1962 establishments in Maharashtra Indian companies established in 1962 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange

History

Mines

See also

References

External links