MOIL Limited
Company overview
MOIL Limited, formerly known as Manganese Ore (India) Limited, is a miniratna state-owned manganese-ore mining company headquartered in Nagpur, India. The company was established in 1962 and is under the administrative control of the Ministry of Steel, Government of India.
MOIL operates 10 mines - six located in Maharashtra and four in Madhya Pradesh. These mines produce high-grade manganese ore which is essential for manufacturing various steel products. The company has its own research & development division where it constantly strives to improve its mining techniques and processes.
The primary product offered by MOIL Limited is manganese ore, used mainly for producing ferroalloys such as ferromanganese and silicomanganese. Ferroalloys are vital ingredients in the production of steel due to their anti-corrosive properties and ability to impart specific characteristics to steel.
In terms of innovation, MOIL continuously invests in modernizing its equipment and technology to ensure efficient extraction while adhering to environmental standards. It has also been exploring opportunities for diversification into related areas like power generation using renewable sources.
What sets MOIL apart from its competitors is its commitment towards sustainable mining practices with an emphasis on environmental conservation. Additionally, being a public sector enterprise, it plays a crucial role in supporting the Indian government's initiatives toward self-sufficiency in strategic minerals required for national development projects.
In recent years, MOIL has partnered with other organizations both domestically and internationally for joint ventures aimed at expanding its mineral exploration endeavors or acquiring new mining assets.