What we do MOIL Ltd is India's largest manganese ore producer, supplying high-quality manganese ore for steel production and chemicals, operating primarily in Maharashtra and Madhya Pradesh. |
Founded in 1,962 |
Market share Dominates India's manganese ore market with extensive mining operations and expanding reserves. |
Problem solved Provides critical manganese raw materials essential for steel and chemical industries, reducing import dependence. |
Top clients or who we serve Steel manufacturers, chemical industries, battery sector; primarily B2B customers. |
Key management Ajit Kumar Saxena - Chairman-cum-Managing Director, recognized industry leader. |
Our journey and innovations Incorporated in 1962, IPO listing in 2010, continuous mine expansions, deepening shafts, and renewable energy projects. |
Where we operate Mines in Maharashtra and Madhya Pradesh, exploring expansions in Gujarat and other states. |
Top products or what we offer Manganese ore (high, medium, low grade), Electrolytic Manganese Dioxide (EMD), Ferro Manganese, power generation via wind and solar farms. |
Top brands MOIL manganese ore - India's leading manganese supplier; Wind farms (20 MW combined capacity); Value-added manganese products. |
Raw materials needed Mining inputs, chemicals for beneficiation and processing, energy for operations. |
Raw materials supplier Internal mining operations; power sourced from own renewable plants and grid. |
Recurring vs cyclical contribution Revenue mainly cyclical, linked to steel and allied industry demand cycles, with some recurring from power generation. |
Our industry position Market leader in Indian manganese mining, consistently growing production and reserves. |
Financial highlights FY 2024-25 revenue ₹1696 crore, PAT ₹382 crore, EBITDA margin 37.7%, 10% revenue growth year-over-year. |
Geographical revenue split Revenue primarily from domestic mining operations in Central India. |
Order book - |
Whats driving growth Increased manganese ore production, higher sales volumes, price adjustments, and value-added product demand. |
Our future plans Expand production to 3.5 million MT by 2030, new mine acquisitions, shaft deepening, joint ventures expansion. |
Our green promise Investment in wind and solar power generation totaling 25.2 MW, strict environmental clearances and plantation drives. |
Our people and values 5250 employees with strong focus on safety, women empowerment, skill development, and welfare programs. |
Key challenges ahead Project delays due to pandemic, water ingress in mines, supply chain issues, and regulatory compliances. |
Interesting facts First PSU in manganese with mini-ratna status; highest ever exploration in FY 2024-25 adding 16 million MT of resources. |
Risks and strategy Mitigates operational risks via R&D, safety programs, modern mining tech, and strategic JV formations. |
