### **Overview** MOIL Limited (MOIL) is a **Miniratna Category-I Central Public Sector Enterprise (CPSE)** under the **Ministry of Steel, Government of India**, with a legacy dating back to 1962. Originally formed as the Central Prospecting Syndicate in 1899, MOIL has evolved into **India’s largest producer of manganese ore**, playing a critical role in national mineral security and the domestic steel and industrial value chains. The company operates **ten mines** across **Maharashtra and Madhya Pradesh**, contributing approximately **45–53% of India’s total manganese ore production**, and supplies about **52% of the country’s domestic demand**—despite holding only 21% of total national reserves. --- ### **Core Operations & Production** - **Manganese Ore Production**: - FY23 Output: 13.02 LMT - FY24 (H1): Record 8.15 LMT (45% YoY growth), with September 2023 marking the **highest monthly output in company history**. - Current Annual Capacity: ~1.3 million tonnes (MT) - **Sales in H1 FY24**: 7.57 LMT (+54% YoY) at an average realization of ₹8,849/tonne (down from ₹10,422 in FY23 due to price dynamics). - **Value-Added Products**: - **Electrolytic Manganese Dioxide (EMD)**: - Sole Indian producer; used in **alkaline/Li-ion batteries, chemicals, and pharmaceuticals**. - H1 FY24 production up **26% YoY**, with FY23 sales rising **45.42% to 1,448 MT**—its highest turnover to date. - 100% import-substitution success. - **Ferro Manganese (FeMn)**: - 12,000 MT/year plant in Balaghat. - Sales declined in FY23 due to weak domestic demand. - **Mines**: - **7 underground, 3 opencast mines** (previously 4 opencast, 7 underground). - Operates in **geologically complex terrains** (narrow, dipping ore bodies, poor rock quality) with technical expertise in the full **"Mine to Mill" value chain**. --- ### **Strategic Growth & Expansion Plan (SMP-2030)** In September 2025, MOIL formalized its **Strategic Management Plan 2030 (SMP-2030)**, outlining an ambitious roadmap to: - **Increase annual manganese ore production to 3.5 million tonnes by 2030**, more than doubling current levels. - **3.0 MT** from existing mines, - **0.5 MT** from upcoming projects, joint ventures, and new leases. - **Long-term vision**: Target **5 million MT** with successful development of new domestic and potential international mines. #### **Key Strategic Initiatives**: 1. **Resource Expansion & Exploration**: - Added **16.07 million tonnes** of manganese ore resources through **107,530 meters of drilling** (1,940.73 ha lease area) in the current year. - Holding **121.97 million metric tons (MMT)** of resources (up from 107.75 MMT), with high-grade reserves centrally located in the **Central Indian Manganese Belt**. - Active exploration in **Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, and Odisha**. 2. **Joint Ventures & MoUs**: - **Gujarat (Pani Block)**: JV with **GMDC** (Gujarat Mineral Development Corporation); estimated reserves of **9.51 MMT**. MoU signed in 2021; feasibility study ongoing, awaiting state approval. - **Madhya Pradesh**: Secured exploration rights across **1,337 sq. km** in **Balaghat and Chhindwara**; positive results in two blocks; finalizing JVs. - **Chhattisgarh**: Exploration underway in **Nilkanthpur block** (since June 2024); 218 sq. km area approved for exploration; MoU with **CMDC**. - **Tripartite MoU** with MP Govt. & MPSMC for exploration in **Jhabua, Jabalpur, Balaghat, Chhindwara (1,300+ sq. km)**. 3. **Mine Development & Capacity Enhancement**: - **Shaft sinking, deepening vertical shafts, and fixed asset replacement** to boost efficiency. - Environmental clearance received for **Kodegaon (126.84 ha)** adjacent to Gumgaon mine. - **Land acquisition** near existing mines to enable brownfield expansion. 4. **Geographic Diversification**: - Formalizing MoUs with **Gujarat, MP, Chhattisgarh, and Maharashtra** for access to new exploration zones. - Aiming to become the **first Indian manganese company with pan-India footprint**, expanding beyond its traditional base. --- ### **R&D, Technology & Innovation** MOIL is a leader in **mining technology and R&D**, collaborating with premier institutions: - **CSIR-CIMFR**, **VNIT Nagpur**, **IIT (BHU)**, **NITs**, **ISM Dhanbad**, **IIT Kharagpur**, and **NRSC (ISRO)**. #### **Key R&D Initiatives**: - **Rock Mechanics Lab**: Guides mine design and safety in variable dip conditions. - **Remote Sensing & Petrological Lab**: Supports geological reporting and regulatory compliance. - **MOIL-RMR Software**: Patented **in-house rock mass classification system** (based on RMR & Q values), automating support design and enhancing safety. - **Waste Utilization Technology**: Patented use of **mine overburden as backfill** in underground mining (20-year patent granted in 2018), reducing river sand dependency and improving sustainability. #### **Future-Ready Product Development**: - Developing **Electrolytic Manganese Metal (EMM)** (target: 99.85% purity) via collaboration with CSIR-NML—used in EV batteries and stainless steel. - Researching **Nanostructured Lithium Manganese Oxide (LMO)** for advanced Li-ion batteries. - Exploring **indigenous EMM production tech** to reduce import reliance. #### **Digital Transformation**: - **ERP-SAP system** fully deployed. - **Customer & Vendor Portals** launched, with mobile app for real-time invoice tracking. - Implementing **four Industry 4.0 initiatives** and AI-driven mine planning tools. --- ### **Energy & Sustainability** - **Renewable Energy Leadership**: - **>56% energy from renewables** (wind & solar). - **20 MW wind power** (Dewas, MP: Nagda Hills 4.8 MW, Ratedi Hills 15.2 MW). - **10.5 MW solar capacity**; expanding share further. - Focus on **low-carbon mining operations** and reducing environmental footprint. --- ### **Financial & Operational Strengths** - **Zero debt**, high net worth, robust cash reserves—enabling self-funded expansion. - All mining leases **renewed**, ensuring **operational continuity**. - Excellent **rail and road connectivity** (South East Central Railway, NH linkages). - Technically skilled workforce, strong industrial relations, and stable cost environment: - Expected wage cost: ~₹140 crores/quarter (stable, only DA adjustments). - Labor rationalization expected to reduce manpower cost by ₹300–400/ton.