MOIL Limited has achieved a significant milestone by commencing manganese ore exports as a State Trading Enterprise (STE), following its appointment by the Government of India. The company successfully dispatched its inaugural shipment of 54,600 tonnes of manganese ore fines from Visakhapatnam to Indonesia on August 22, 2025, marking a new chapter in India's manganese ore export sector.

Export Mechanism and STE Role

MOIL established the export mechanism in the fiscal year 2024-25, aligning with Trade Policy requirements that mandate all manganese ore exports from India to be routed through the company. As an STE, MOIL is responsible for exporting manganese ore with a grade below 46% Mn. The company operates through back-to-back arrangements with domestic suppliers, focusing on exporting low-grade ore with 25% Mn content.

Addressing Surplus and Boosting Foreign Earnings

This initiative addresses a crucial market need by utilizing India's surplus of low-grade manganese ore fines that exceed domestic demand. By facilitating the export of these resources, MOIL aims to enhance India's global presence in the manganese ore market and contribute to the country's foreign earnings.

Strategic Importance

The export of low-grade manganese ore (25% Mn) is of significant strategic importance for India. It not only helps in managing the surplus inventory but also positions India more prominently in the global manganese ore trade. This move is expected to open new avenues for the country's mining sector and strengthen its position in international markets.

Management's Perspective

Ajit Kumar Saxena, Chairman and Managing Director of MOIL, expressed his satisfaction with this achievement. He congratulated the MOIL team on successfully executing the first export consignment as an STE and emphasized the importance of efficient operations and well-informed strategies to facilitate international trade.

Looking Ahead

As MOIL embarks on this new role, the company is poised to play a pivotal part in shaping India's manganese ore export landscape. The success of this initial shipment sets the stage for potentially expanded export operations, which could have far-reaching implications for both MOIL and India's position in the global manganese ore market.

This development represents a significant step forward in India's efforts to optimize its mineral resources and expand its footprint in international trade, with MOIL at the forefront of this strategic initiative.

MOIL Limited, a Government of India Enterprise, has reported exceptional performance in August, setting new records in production and sales while also announcing changes in its senior management.

Record-Breaking Production and Sales

MOIL has achieved its highest-ever August production, reaching 1.45 lakh tonnes. This represents an impressive 17% growth compared to the same period last year. The company's sales performance was equally strong, with 1.13 lakh tonnes sold, marking a substantial 25.6% year-on-year increase.

Sustained Growth

The company's strong performance extends beyond August. For the period of April-August, MOIL has recorded its best-ever performance with:

• Production of 7.92 lakh tonnes, up 9.3% year-on-year
• Exploratory drilling of 50,621 meters, an 8.6% increase year-on-year

Shri Ajit Kumar Saxena, CMD of MOIL, commended the team for their record performance, particularly noting their ability to achieve growth in production and sales despite challenging weather conditions.

Changes in Senior Management

In addition to its operational achievements, MOIL has announced several changes in its senior management:

1. Shri Prashant Karaiya, ED (Tech.), superannuated on September 1.
2. Shri Kishor Chandrakar has been promoted to ED (Tech.). With a B.E. in Mining, Chandrakar brings 36 years of extensive experience in mining and related fields.
3. Shri Rajesh Verma has been promoted to ED (P&D). Verma, holding a B.E. in Tech., has 36 years of vast experience in mechanical, project, and various other related fields.

These management changes, effective from September 1, are expected to bring fresh perspectives and expertise to MOIL's leadership team.

MOIL's recent performance and strategic management changes position the company for continued growth and success in the mining sector. As India's largest producer of manganese ore, MOIL's achievements have significant implications for the country's mineral resources industry.