Established in 1896 as the Central Province Prospecting Syndicate, the entity underwent several transformations before being nationalized in 1962, emerging as Manganese Ore (India) Limited.
In 1977, it became a wholly government-owned enterprise. The company was rebranded as MOIL Ltd. in 2010, reflecting its evolution and modernization over the years.
MOIL Ltd. made its debut on the Indian stock exchanges in December 2010 through an Initial Public Offering (IPO).
The Government of India divested 10% of its equity, while the Governments of Maharashtra and Madhya Pradesh each divested 5%, collectively offering 20% of the company’s shares to the public
MOIL operates 11 mines located in the Nagpur and Bhandara districts of Maharashtra and the Balaghat district of Madhya Pradesh.
These include both underground and opencast mines . The company is involved in the mining, manufacturing, and power generation sectors, producing various grades of manganese ore, ferro manganese, and electrolytic manganese dioxide.
MOIL has been actively pursuing both domestic and international expansion. Domestically, the company is exploring opportunities in Gujarat, Madhya Pradesh, and Chhattisgarh.
Internationally, MOIL is seeking acquisitions in countries rich in manganese resources, such as South Africa, Gabon, Australia, and Brazil . In April 2025, MOIL achieved a record-breaking 11,453 meters of exploratory core drilling, underscoring its commitment to growth and resource development
