MOIL Limited appointed Rajiv Atrey and Atul Sharma as General Managers (Mechanical) effective October 6, 2026. The appointments mark changes in the senior management structure of the government-owned mining enterprise.

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both individuals hold B.E. degrees in Mechanical Engineering and are designated as Heads of Department for Mechanical operations.

Appointment details

The company outlined the specific roles and effective dates for the new senior management personnel in its filing to stock exchanges.

Regulatory context

The appointments fall under the definition of Senior Management as per Regulation 16(1)(d) of the SEBI (LODR) Regulations, 2015. The term of appointment for Atrey is governed by the service rules of MOIL, while Sharma's term details were marked as not applicable in the disclosure.

This move ensures continuity in the mechanical engineering leadership of the Nagpur-based manganese mining company.

MOIL Limited reported provisional manganese ore sales of 1.64 lakh MT in September 2026, marking a 15.5% year-on-year increase from 1.42 lakh MT in the corresponding period last year. Production for the month stood at 1.81 lakh MT, up 19.1% from 1.52 lakh MT in September 2025.

The state-owned miner disclosed these figures in a filing to stock exchanges on October 3, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015. The data covers performance for and up to September 2026 within the FY26 fiscal year (April 2026 to March 2027).

Monthly production and sales metrics

The company demonstrated improved operational throughput in September 2026 compared to the previous year. Both production and sales volumes expanded significantly, indicating stronger demand absorption alongside higher output capacity utilization.

Cumulative FY27 performance

For the first six months of FY27 (April to September 2026), MOIL logged cumulative production of 9.61 lakh MT, a modest increase from 9.44 lakh MT in the same period of FY26. Cumulative sales rose to 7.78 lakh MT in FY27, up from 7.10 lakh MT in FY26.

The company has set a production target of 25.85 lakh tonnes for the full FY27. The current pace suggests a steady trajectory toward meeting annual goals, with H1FY27 production accounting for approximately 37% of the annual target.

What the numbers show

A notable divergence exists between monthly momentum and cumulative growth. While September 2026 sales surged 15.5% YoY, cumulative FY27 sales grew only 9.6% YoY (from 7.10 to 7.78 lakh MT). This indicates that recent monthly gains are outpacing the average growth rate seen earlier in the fiscal year, potentially signaling accelerating demand or improved logistics efficiency in the latter half of the reporting period.