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 delivered exceptional production performance in FY26, setting new records for both quarterly and nine-month production figures. The state-owned manganese ore mining company announced these milestone achievements while shares closed lower on the NSE ahead of the announcement.

Record Q3 FY26 Production Performance

The company achieved its highest-ever third quarter production, demonstrating strong operational momentum during the period.

This performance represents the highest production ever achieved by MOIL in any third quarter since the company's establishment, highlighting the effectiveness of its operational strategies.

Nine-Month Production Milestone

MOIL's production excellence extended beyond the quarterly performance, with the company setting a new benchmark for nine-month production figures.

The nine-month production of 14.21 lakh tonnes surpassed the corresponding period last year by approximately 6.8%, demonstrating consistent growth momentum throughout the financial year.

Stock Performance and Price Revisions

Shares of MOIL closed 2.05% lower at ₹367.50 on the NSE ahead of the production announcement. However, the stock had gained earlier after MOIL revised prices of manganese ore and related products.

The company raised prices of all ferro grades with manganese content of 44% and above, as well as grades below 44%, by 3% each, effective from the start of the new year.

Operational Excellence Drivers

The sustained improvement in production performance has been attributed to several key operational initiatives implemented across MOIL's mining operations. The company has focused on strategic mine planning to optimize extraction processes and maximize output efficiency. Enhanced mechanization has played a crucial role in improving productivity levels across all operating units.

Operational discipline has been maintained through systematic processes and adherence to best practices in mining operations. The dedicated efforts of MOIL's workforce across all operating units have been instrumental in achieving these record production figures.

Strategic Impact

These production achievements reflect MOIL's strengthened operational capabilities and effective execution of its mining strategies. The consistent growth in both quarterly and nine-month production figures indicates the company's ability to maintain operational momentum and deliver sustained performance improvements. The record-breaking production levels position MOIL favorably in the manganese ore mining sector and demonstrate the company's commitment to operational excellence.