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MOIL Ltd is primarily engaged in mining of manganese ore and is the largest manganese ore producer in the country.It is a miniratna state-owned company owned by Govt. of India.
MOIL fined ₹5,31,000 by NSE for Board composition issues (lack of independent directors). Company argues director appointments are controlled by Ministry of Steel, beyond its control, and seeks fine waiver. Actively pursuing resolution.
MOIL reported strong March sales of 2.02 Lakh MT, a nearly 30% jump year-on-year. Production for the month also rose to 1.64 Lakh MT. For FY26, cumulative production increased to 19.07 Lakh MT, up 5.8% from FY25, while cumulative sales remained largely flat at 15.89 Lakh MT.
MOIL Ltd. and MPSMCL received Ministry of Steel approval for their Joint Venture to form a new company. This JV will focus on manganese ore mining in Madhya Pradesh, expanding MOIL's operational footprint and future business scope.
MOIL has adjusted manganese ore prices for August. Prices for all Ferro grades (Mn-44% and above & below Mn-44%) and Chemical grades have increased by 3%. However, SMGR (Mn-30%, Mn 25%, Mn 20%) and specific Fines grades will see a 3% price reduction. The price for Electrolytic Manganese Dioxide (EMO)...
MOIL's Board has approved the financial results for the quarter. Revenue from operations was ₹348.06 Cr, a notable decrease compared to ₹433.39 Cr last quarter and ₹492.84 Cr year-over-year. Net profit stood at ₹51.51 Cr, down from ₹115.65 Cr in the previous quarter and ₹152.35 Cr year-over-year. The quarter shows...