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MOIL information


Manganese Ore (India) Limited
Company typePublic Sector Undertaking
Traded as
BSE: 533286
NSE: MOIL
IndustryManganese ore
Founded22 June 1962[1]
Headquarters
Nagpur
,
India
Area served
India
Key people
Ajit Kumar Saxena
(Chairman & MD)
Production output
1,756,000 tonnes (1,935,659 tons)
RevenueDecrease6,287 million (US$79 million) (2015-16)[1]
Net income
Decrease1,727 million (US$22 million) (2015-16)[1]
Total assetsIncrease37,560 million (US$470 million) (2015-16)[1]
Websitemoil.nic.in

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.

  1. ^ a b c d "Red Herring Prospectus" (PDF). Retrieved 24 November 2010.
  2. ^ "Production" (PDF). Indian Minerals Year Book 2008. Indian Bureau of Mines. Archived from the original (PDF) on 21 July 2011. Retrieved 24 November 2010.
  3. ^ "MOIL enters India Fortune 500 List".
  4. ^ "MOIL Limited: IPO opens on Nov 26". Central Chronicle. 25 November 2010. Archived from the original on 25 November 2010. Retrieved 25 November 2010.
  5. ^ "MOIL IPO on Nov 26". Hindustan Times. 19 November 2010. Archived from the original on 24 November 2010. Retrieved 25 November 2010.
  6. ^ "MOIL scouting for overseas mines ahead of IPO". 15 November 2010. Retrieved 25 November 2010.

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