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{{Use dmy dates|date=March 2013}}
{{Infobox company
| name = Manganese Ore (India) Limited
| native_name =
| logo = MOIL (company).svg
| type = [[Public sector undertakings in India|Public Sector Undertaking]]
| traded_as = {{BSE|533286}} <br/>{{NSE|MOIL}}
| foundation = 22 June 1962<ref name="redherr">{{cite web|title=Red Herring Prospectus|url=http://www.moneycontrol.com/news_html_files/pdffiles/nov2010/moilrhp.pdf|accessdate=24 November 2010}}</ref>
| location_city = [[Nagpur]]
| location_country = India
| industry = [[Manganese ore]]
| area_served = India
| key_people = Mukund Chaudhari <br>([[Chairman]] & [[Managing Director|MD]])
| revenue = {{decrease}}{{INRConvert|6287|m}} (2015-16)<ref name="redherr"/>
| net_income = {{decrease}}{{INRConvert|1727|m}} (2015-16)<ref name="redherr"/>
| assets = {{increase}}{{INRConvert|37560|m}} (2015-16)<ref name="redherr"/>
| production = {{convert|1,093,363|tonne|0}}
| homepage = {{url|moil.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.<ref>{{cite web|title=Production|url=http://ibm.nic.in/production.pdf|work=Indian Minerals Year Book 2008|publisher=Indian Bureau of Mines|accessdate=24 November 2010|url-status=dead|archiveurl=https://web.archive.org/web/20110721165807/http://ibm.nic.in/production.pdf|archivedate=21 July 2011|df=dmy-all}}</ref> 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.<ref>http://www.indiainfoline.com/Markets/News/MOIL-enters-India-Fortune-500-List/5261381587</ref>

In December 2010, the government divested about 20% of its equity through an [[Initial public offering|IPO]]. Of the 20%, the [[Government of India]]'s share will be 10%, and the governments of Maharashtra and Madhya Pradesh will each divest 5% of the total equity.<ref>{{cite news|title=MOIL Limited: IPO opens on Nov 26|url=http://www.centralchronicle.com/viewnews.asp?articleID=52203|accessdate=25 November 2010|newspaper=Central Chronicle|date=25 November 2010|url-status=dead|archiveurl=https://web.archive.org/web/20101125144800/http://www.centralchronicle.com/viewnews.asp?articleID=52203|archivedate=25 November 2010|df=dmy-all}}</ref><ref>{{cite news|title=MOIL IPO on Nov 26|url=http://www.hindustantimes.com/MOIL-IPO-on-Nov-26/Article1-628537.aspx|accessdate=25 November 2010|newspaper=Hindustan Times|date=19 November 2010|url-status=dead|archiveurl=https://web.archive.org/web/20101124094755/http://www.hindustantimes.com/MOIL-IPO-on-Nov-26/Article1-628537.aspx|archivedate=24 November 2010|df=dmy-all}}</ref> The central government holds 54% and the two state governments hold about 11% shares in MOIL.<ref>{{cite news|title=MOIL scouting for overseas mines ahead of IPO|url=http://www.tehelka.com/story_main47.asp?filename=Ws151110moil.asp|accessdate=25 November 2010|date=15 November 2010}}</ref> and the public holds about 35% shares.

The shares were listed in 2011 at Rs.440, went down to a low of Rs.188 on July 13 and February 15, before recovering currently to Rs.351. The company issued one bonus share for every share held on 28 Sep 2017. The share price was about Rs.140 in January 2021.

==History==
MOIL was originally set up as "Central Province Prospecting Syndicate" in the year 1896 in the region of [[Maharashtra]] and [[Madhya Pradesh]]. It was later renamed as "Central Provinces Manganese Ore Company Limited (CPMO)" in 1935. In 1962, the Government of India took over the mining activities from CPMO. Then, Manganese Ore (India) Limited was formed with 51% stake held between the Government of India and the Maharashtra and Madhya Pradesh State governments. The other 49% was retained with CPMO.
In 1977, the balance of 49% was acquired from CPMO, and MOIL became a 100% state-owned enterprise.<ref name=pim/><ref>{{cite news|title=IPO Analysis Of Manganese Ore India Limited : Fairwealth Research|url=http://www.topnews.in/ipo-analysis-manganese-ore-india-limited-fairwealth-research-2293087|accessdate=25 November 2010|newspaper=Topnews.in|date=25 November 2010}}</ref>

==Mines==
Eight of MOIL's eleven mines are underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three are opencast mines (Dongri Buzurg, Sitapatore, and Tirodi).<ref name=redherr/> Its Balaghat mine is the largest of the 11 mines and the deepest at 383 metres.<ref name=pim>{{cite web|title=Preliminary Information Memorandum|url=http://steel.nic.in/MOIL_PIM_010503.PDF|publisher=Ministry of Steel|accessdate=25 November 2010|archive-url=https://web.archive.org/web/20110721174614/http://steel.nic.in/MOIL_PIM_010503.PDF|archive-date=21 July 2011|url-status=dead}}</ref>

==Products==
MOIL excavates manganese dioxide ore from its mines. The production was 1.3 million tonne in 2020. Various grades of the ore are used for production of manganese metal and alloys such as ferro-manganese and silicon-manganese. Refined manganese dioxide is used as a supplement in cattle feed, in fertilizers and in chemical industry. MOIL refines the ore to produce 1,000 tonne electrolytic grade used in dry batteries. MOIL uses its ore to produce 11,000 tonne of ferro-manganese. The total sales were Rs.16.3 billion in 2018.19 but only Rs.12.2 billion in 2019-20.

MOIL also produces 30 MW electricity by wind mills.

==See More==
* [[Fortune India 500]]
* [[List of companies of India]]

==References==
{{reflist|2}}

==External links==
* [http://moil.nic.in/ Official Website]
{{Public Sector Undertakings in India}}
* {{PM20|FID=co/054616|TEXT=Documents and clippings about|NAME=}}

{{Nifty 200 companies}}

{{authority control}}

{{DEFAULTSORT:Moil Limited}}
[[Category:Government-owned companies of India]]
[[Category:Mining companies of India]]
[[Category:Companies based in Maharashtra]]
[[Category:Mining in Maharashtra]]
[[Category:1962 establishments in Maharashtra]]
[[Category:Indian companies established in 1962]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

MOIL - Revision history

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