MOIL
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. 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.
| Company type | Public Sector Undertaking |
|---|---|
| BSE: 533286 NSE: MOIL | |
| Industry | Manganese ore |
| Founded | 22 June 1962 |
| Headquarters | , India |
Area served | India |
Key people | Ajit Kumar Saxena (Chairman & MD) |
Production output | 1,093,363 tonnes (1,205,226 tons) |
| Revenue | ₹6,287 million (US$79 million) (2015-16) |
| ₹1,727 million (US$22 million) (2015-16) | |
| Total assets | ₹37,560 million (US$470 million) (2015-16) |
| Website | moil |
In December 2010, the Government of India divested about 20% of its equity through an IPO. Of the 20%, the Indian Government divested 10%, and the Government of Maharashtra and the Government of Madhya Pradesh each divested 5% of the total equity. The central government holds 54% and the two state governments hold about 11% shares in MOIL. 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 13 July and 15 February, 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.