MOIL Limited has announced the appointment of Shri Vishwanath Suresh as Chairman-cum-Managing Director, effective January 07, 2026. The Government of India, through the Ministry of Steel, issued the appointment order dated January 07, 2026, and Shri Suresh has assumed charge of his new role on the same date.

Appointment Details

The appointment comes through an official communication from the Government of India, with the tenure extending from the date of assumption of charge until Shri Suresh's superannuation on August 31, 2030, or until further orders, whichever is earlier.

MOIL Limited has confirmed that Shri Vishwanath Suresh is not related to any Director or Key Managerial Personnel of the company. He is not debarred from holding the office of Director by SEBI or any other authority and meets all qualification requirements under Section 164 of the Companies Act, 2013.

Professional Background and Qualifications

Shri Vishwanath Suresh brings extensive experience spanning over three decades in the mining and manufacturing sector. He is an alumnus of the National Institute of Technology, Rourkela, with a degree in Metallurgical Engineering. His educational credentials also include a Master's degree in Business Administration (MBA) in Marketing and a certificate in Advanced Strategic Management from IIM Kozhikode.

Previous Leadership Roles

Before joining MOIL Limited, Shri Suresh held the position of Director (Commercial) at NMDC Limited. His career progression includes significant roles at Steel Authority of India Limited (SAIL), where he served as Executive Director (Coal Import) and held additional charge as Executive Director (Corporate Materials Management).

His professional expertise encompasses multiple areas including:

• Sales and marketing of steel and iron ore in domestic and international markets
• Strategic procurement and materials management
• Policy development and strategic management
• Systems improvement initiatives
• Revenue enhancement and sales optimization

Board Positions and Directorships

Shri Suresh has served as Director in various group companies of NMDC, demonstrating his extensive experience in corporate governance and strategic leadership. His directorship portfolio includes:

• NMDC Steel Limited
• NMDC CSR Foundation
• NMDC-CMDC Limited
• Bastar Railway Private Limited
• Krishnapatnam Railway Company Limited
• Jharkhand National Mineral Development Corporation Limited
• Legacy Iron Ore Limited

Market Response

Following the leadership announcement, MOIL Limited shares closed lower on January 07, 2026. The stock ended the trading session at ₹376.85, declining by ₹3.70 or 0.97% from the previous close.

The appointment of Shri Vishwanath Suresh as Chairman-cum-Managing Director brings seasoned leadership to MOIL Limited, with his proven track record in commercial operations, strategic management, and extensive experience across the mining and steel sectors positioning him to lead the company's future growth initiatives.

MOIL Limited has announced its manganese ore production figures for the third quarter of fiscal year 2026, reporting total production of 477,000 tonnes during the period.

Production Performance

The company's production data for Q3 FY26 demonstrates its operational capacity in manganese ore extraction and processing activities.

Company Operations

MOIL operates in the mining and mineral products sector, focusing on manganese ore production. The reported production figure of 477,000 tonnes reflects the company's quarterly operational output during the third quarter of the current fiscal year.

The production data provides stakeholders with visibility into the company's operational performance and mining activities during the specified quarter.