MOIL: Annual report 2024

 https://youtu.be/uINeH3TZzNc?si=ibLBDYP5GQJ253Vw


  • MOIL: Annual report 2024
  • 53% Of the country’s total manganese ore is produced by MOIL
  • Broadening footprint by signing Memoranda of Understanding (MoU) with various state governments to acquire additional areas for manganese mining. 
  • MoUs have already been established with Gujarat, Madhya Pradesh, and Chhattisgarh, and is actively engaging in discussions with other states to explore further opportunities.
  • MOIL is the largest manganese ore producer in India. 
  • In order to meet the future requirement and maintain leadership in the industry, MOIL has planned to enhance its production to 3.50 million MT by 2030, for which a strategic management plan is already in place 
  • These projects will require investments of about 2400 crore by 2030 in a phased manner.     
  •  Taking into consideration on-going and future projects, Capex target for 2024-25 is set at 309.30 crore.   

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