History 

_x000D_ MOIL, initially established as Manganese Ore (India) Limited in 1962, underwent a name change to MOIL Limited in the fiscal year 2010-11. This enterprise, classified as a Miniratna Category-I Company under the Schedule “A” category, dates back to 1896 when it was formed as the Central Province Prospecting Syndicate. This entity was later rebranded as the Central Provinces Manganese Ore Company Limited (CPMO), a UK-based British company._x000D_ _x000D_ The transformation of MOIL began in 1962 when the Indian Government, through an agreement, acquired the assets of CPMO. This led to the formation of MOIL, with a joint capital venture, including 51% ownership shared by the Indian Government and the State Governments of Maharashtra and Madhya Pradesh, and 49% held by CPMO. In 1977, the Indian Government purchased the remaining shares from CPMO, making MOIL a fully government-owned entity under the Ministry of Steel._x000D_ _x000D_ The significant milestone for MOIL was its public listing on the National Stock Exchange and Bombay Stock Exchange on December 15, 2010. Initially, the government of India held a 71.57% stake, while the governments of Maharashtra and Madhya Pradesh held 4.62% and 3.81%, respectively, with the public owning 20%. Currently, the ownership distribution stands at 53.35% for the Government of India, 5.96% for Maharashtra, 5.38% for Madhya Pradesh, and 35.31% for public shareholders._x000D_ _x000D_ MOIL's operations are primarily in Maharashtra's Nagpur and Bhandara districts and the Balaghat district of Madhya Pradesh, with nearly a century-old mines. The largest of these, the Balaghat Mine, has reached a depth of 435 metres. The Dongri Buzurg Mine in Maharashtra's Bhandara district is a notable opencast mine producing manganese dioxide ore, vital for the dry battery industry and as a micronutrient in cattle feed and fertilize₹MOIL contributes approximately 46% to India's total dioxide ore needs, with an annual output of about 1.3 million tonnes, which is expected to increase in the future._x000D_ _x000D_ MOIL specialises in various grades of manganese ore, including high grade for Ferro manganese production, medium grade for Silico manganese, blast furnace grade for hot metal production, and dioxide for dry batteries and chemical industries. Additionally, MOIL has developed a facility to produce 1,500 MT of electrolytic manganese dioxide (EMD) per annum for dry battery cells, enjoying market acceptance for its quality._x000D_ _x000D_ As of July 2023, MOIL has established a 4.8 MW wind energy farm at Nagda Hills and a 15.2 MW wind farm at Ratedi Hills in Madhya Pradesh's Dewas district._x000D_

Business Segments 

_x000D_ MOIL Limited, a prominent manganese-ore mining company in India, operates under three primary business segments:_x000D_

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• Mining: This is the core segment of MOIL, responsible for the exploration, extraction, and processing of manganese ore. They operate mines in Maharashtra and Madhya Pradesh, with Balaghat Mine being the largest. Besides raw manganese ore, MOIL produces valuable by-products like iron ore and limestone.
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• Manufacturing: MOIL has diversified into manufacturing to add value to its raw materials. They have two key facilities:
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      1. Electrolytic Manganese Dioxide (EMD) Plant: This plant has a capacity of 1,500 MT per year and caters to the dry battery cell and chemical industries.
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      2. Ferro Manganese Plant: With a capacity of 12,000 MT per year, this plant transforms manganese ore into ferro manganese, an essential alloy in steel production.
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• Power Generation: MOIL has invested in renewable energy sources, recognising the importance of sustainable energy. They operate two wind farms with a combined capacity of 20 MW, generating electricity for their operations and contributing to the grid.
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Corporate Actions 

_x000D_ Buyback _x000D_

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• MOIL Limited's share buyback on December 31, 2021, involved 3.38 crore shares at ₹205 each, totalling ₹693.77 crore.
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• In 2019, MOIL Limited's share buyback had a record date of November 27, 2019, with the buyback offer at ₹152 per share, covering 2.02 crore shares for ₹308.27 crore.
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• In 2018, MOIL Limited's share buyback was approved for 87.66 lakh shares at ₹240 per share, totalling ₹210.4 crore, with a record date of February 20, 2018.
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_x000D_ Bonus_x000D_

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• MOIL Limited announced a 1:1 bonus share issue with the record date set for September 28, 2017.
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