![]() | |
Company type | Public Sector Undertaking |
---|---|
BSE: 533286 NSE: MOIL | |
Industry | Manganese ore |
Founded | 22 June 1962 [1] |
Headquarters | , India |
Area served | India |
Key people | Ajit Kumar Saxena (Chairman & MD) |
Production output | 1,756,000 tonnes (1,935,659 tons) |
Revenue | ![]() |
![]() | |
Total assets | ![]() |
Website | moil |
MOIL (earlier known as Manganese Ore (India) Limited) is a miniratna state-owned manganese ore mining company headquartered in Nagpur, India. With a market share of 50%, it is the largest producer of manganese ore in India. [2] MOIL operates 11 mines in adjoining districts of Maharashtra and Madhya Pradesh. 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 list for 2011. [3]
In December 2010, the Government of India divested about 20% of its equity through an IPO. Of the 20%, the Indian Government divested 10%, and the Government of Maharashtra and the Government of Madhya Pradesh each divested 5% of the total equity. [4] [5] The central government holds 54% and the two state governments hold about 11% shares in MOIL. [6] and the public holds about 35% shares.
The shares were listed in 2011 at Rs. 440, went down to a low of Rs. 188 on 13 July and 15 February, before recovering currently to Rs. 351. The company issued one bonus share for every share held on 28 Sep 2017. The share price was about Rs. 140 in January 2021.
MOIL was originally set up as "Central Province Prospecting Syndicate" in the year 1896 in the region of Maharashtra and Madhya Pradesh. 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. [7] [8]
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). [1] Its Balaghat mine is the largest of the 11 mines and the deepest at 383 metres. [7]
MOIL excavates manganese dioxide ore from its mines. The production was 1.3 million tonne in 2020. Various grades of the ore are used for production of manganese metal and alloys such as ferro-manganese and silicon-manganese. Refined manganese dioxide is used as a supplement in cattle feed, in fertilizers and in chemical industry. MOIL refines the ore to produce 1,000 tonne electrolytic grade used in dry batteries. MOIL uses its ore to produce 11,000 tonne of ferro-manganese. The total sales were Rs. 16.3 billion in 2018.19 but only Rs. 12.2 billion in 2019–20.
MOIL also produces 30 MW electricity by wind mills.
Steel Authority of India Limited (SAIL) is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of ₹105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 57,139 employees. With an annual production of 18.29 million metric tons, It is the largest government owned steel producer. The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.
Balaghat district is a district of Madhya Pradesh state in Central India.
NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal etc. It is India's largest iron ore producer and exporter, producing more than 35 million tonnes of iron ore from three mechanized mines in Chhattisgarh and Karnataka. It also operates the only mechanized diamond mine in the country at Panna in Madhya Pradesh.
Coal India Limited (CIL) is an Indian central public sector undertaking under the ownership of the Ministry of Coal, Government of India. It is headquartered at Kolkata. It is the largest government-owned-coal-producer in the world. It is also the ninth largest employer in India with nearly 272,000 employees.
Ukwa is a census town in Balaghat district in the Indian state of Madhya Pradesh.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.
The Ministry of Steel is an executive branch agency of the Government of India that is responsible for formulating all policies regarding steel production, distribution and pricing in India. As of July 2021, the ministry is headed by a Secretary Rank IAS officer, who is its administrative head, while the political head is a minister of cabinet rank, Jyotiraditya Scindia, assisted by a Minister of State, Faggan Singh Kulaste.
The Ferro Alloys Corporation Limited (FACOR) was floated in 1955 by the house of Sarafs and Mors to become the first major producer of ferromanganese in India.
VISA Steel Limited is a mineral and metals company situated in the Kalinganagar industrial complex of Jajpur Odisha, India with a 1.5 million ton integrated special and stainless steel manufacturing plant. VISA Steel has its registered office in Bhubaneswar, corporate office in Kolkata and branch offices across India. A listed company, VISA Steel's shares are traded on the BSE and NSE.
Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets. Reliance Infrastructure, an Indian private sector power utility company and the Reliance ADA Group promote Reliance Power. The present CEO of Reliance Power is K. Raja Gopal since 2 May 2018.
Resources are classified as either biotic or abiotic on the basis of their origin. India contains a multitude of both types of resource and its economy, especially in rural areas, is heavily dependent on their consumption or export. Due to overconsumption, they are rapidly being depleted.
Balaghat Junction is situated on the Jabalpur–Nainpur–Gondia section of South East Central Railway, in the Indian state of Madhya Pradesh. Rail routes through the junction include routes towards Jabalpur, Gondia, Katangi on the Satpura Railway. The "10001 Satpura Express", a narrow-gauge train, was started in 1901 by the British Government and completed 100 years of service in 2001. This train used to hold the unique distinction of operating first-class service on narrow-gauge track; it was the world's fastest narrow-gauge train.
Hindustan Copper Ltd. is a central public sector undertaking under the ownership of the Ministry of Mines, Government of India. HCL is the only vertically integrated government-owned-copper producer in India engaged in a wide spectrum of activities ranging from mining, beneficiation, smelting, refining and continuous cast rod manufacturer.
Mining scams in India refers to a series of alleged widespread scams in various ore-rich states of India, which has generated controversy. Such issues span encroachment of forest areas, underpayment of government royalties, and conflict with tribals regarding land rights. The spill-over of the effects of legal mining into issues such as Naxalism and the distortion of the Indian political system by mixed politics and mining interests, has gained international attention.
Rashtriya Ispat Nigam Ltd,, also known as Vizag Steel, is a central public sector undertaking under the ownership of Ministry of Steel, Government of India based in Visakhapatnam, India. Rashtriya Ispat Nigam Limited (RINL) is the government entity of Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant built with state-of-the-art technology. Visakhapatnam Steel Plant (VSP) is a 7.3 MTPA plant. It was commissioned in 1992 with a capacity of 3.0 MTPA of liquid steel. The cpsu subsequently completed its capacity expansion to 6.3 MTPA in April 2015 and to 7.3 MTPA in December 2017. The cpsu is having one subsidiary, viz. Eastern Investment Limited (EIL) with 51% shareholding, which in turn is having two subsidiaries, viz. M/s Orissa Mineral Development Company Ltd (OMDC) and M/s Bisra Stone Lime Company Ltd (BSLC). The CPSU has a partnership in RINMOIL Ferro Alloys Private Limited and International Coal Ventures Limited in the form of Joint Ventures with 50% and 26.49% shareholding respectively.
Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.
Global Investors Summit, officially the Invest Madhya Pradesh Global Investors Summit or GIS is a biennial business summit organized by Government of Madhya Pradesh in Indore, the commercial capital of central India to attract domestic and foreign investment for development of the state. Based on the theme– India's Growth Centre and aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit serves as a perfect platform to understand and explore business opportunities in the State of Madhya Pradesh.
Public Sector Undertakings (PSU) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or joint ventures between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly categorised as Central PSUs or State PSUs. These entities include government companies, statutory corporations, banking institutions, and departmentally run companies. PSUs are officially classified into three categories, which are Central Public Sector Enterprises (CPSE) and Public Sector Banks (PSB) owned by the central government or other CPSEs/PSBs, and State Level Public Enterprises (SLPE) owned by state governments or other SLPEs. CPSE is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSEs are granted the status of Maharatna, Navaratna, and Miniratna.
The Steel Consumers Council is a group under the Ministry of Steel, chaired by the Cabinet in charge of the department. India is the world's third-largest producer of crude steel, and the council works with steel producers to ensure both the supply and demand of the steel industry. It also advises the Ministry of Steel and assists the Government of India on matters and policies concerning the Indian steel industry. In 2004, alarmed by the recent rise in steel prices, the Union Steel Ministry had proposed setting up of an independent regulator to monitor and fix the prices of steel. It had also supported a demand to abolish the present 5 per cent import duty on scrap this was announced by Ram Vilas Paswan Minister in charge of Ministry of Steel at the 18th national Steel consumers council in 2004.
MSTC Limited is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees.