MOIL Ltd - Company Profile
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Business Description
MOIL Ltd (MOIL) is a manganese ore mining company. The company carries out exploration, exploitation, and marketing of various grades of manganese ore and electrolytic manganese dioxide (EMD) and high carbon, ferro manganese alloys. The company operates ten underground mines and three opencast manganese ore.
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Business Segments
Overview
Offers electrolytic manganese di-oxide (EMD), ferro manganese (FeMn) and ferro manganese slag. In FY2024, the segment incurred a capital expenditure of INR48.4 million which grew 16.9% YoY.
Performance
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Overview
It carries out mining lease and exploration activities. The company has 202.5, 21.9 and 126.84 hectares, respectively granted by the local state authority in Balaghat, Madhya Pradesh, India. In addition, the company through National Geo-Physical Research Institute, Hyderabad, conducts gravity and magnetic geophysical survey within 11 prospecting license (PL) areas. In FY2024, the segment incurred a capital expenditure of INR3,069.9 million which grew 29.9% YoY.
Performance
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Overview
Generates power from the wind farms. The company operates power wind farms in Nagda Hills, Madhya Pradesh, with a production capacity of 4.8 MW; and in Retedi Hills, Madhya Pradesh, with a production capacity of 15.2 MW. It supplies power to the Balaghat mine and ferro manganese plant through the Nagda Hills wind farm and sells power to Madhya Pradesh Power Management Company Limited through Ratedi Hills wind farm.
Performance
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