MOIL Limited , a Government of India Enterprise, is facing multiple tax demands from different authorities. The company has now received a fresh GST order demanding Rs 2.57 crores, adding to its existing service tax liability of Rs 1.90 crores.

Latest GST Demand Details

The Joint Commissioner of State Tax, Madhya Pradesh, has issued an order under Section 73(9) of the CGST/SGST Act, 2017 for FY 2021-22. The order was received on December 30, 2025, at 12:30 PM.

The demand relates to alleged mismatches and excess/ineligible claims in GSTR-3B vs GSTR-9, GSTR-1 vs GSTR-3B, and GSTR-2A vs Inward E-Way Bill filings. The total amount includes GST and penalty components.

Previous Service Tax Demand

Earlier, MOIL had received a service tax demand from the Commissioner (Appeals), CGST & Central Excise, Bhopal, related to royalty, District Mineral Foundation (DMF), and National Mineral Exploration Trust (NMET) for manganese ore consumed at its Ferro Manganese Plant in Balaghat.

Company's Response Strategy

MOIL Limited has indicated that both demands do not have immediate operational impact. For the latest GST demand, the company stated it is examining the order and will take appropriate legal steps, including filing an appeal within the prescribed time under the GST Act.

Regarding the earlier service tax demand, the company has already filed appeals and pre-deposited Rs 4.18 lakhs. MOIL plans to pursue further legal recourse against both orders.

Overall Financial Impact

The combined tax demands now total over Rs 4.47 crores, representing a significant financial exposure for the mining company. However, MOIL maintains that there is no immediate operational disruption expected from these demands as it pursues legal remedies through the appellate process.

MOIL Limited , a state-owned manganese ore mining company, has released its financial results for the half year ended September 30, 2025, revealing a mixed performance amid challenging market conditions.

Financial Performance

The company reported revenue from operations of Rs 696.11 crore for the half year, compared to Rs 784.73 crore in the corresponding period of the previous year, marking a decrease of 11.29%. The net profit for the period stood at Rs 121.94 crore, down from Rs 202.31 crore in the previous year, representing a 39.73% decline.

Segment-wise Performance

MOIL's operations are divided into three segments:

• Mining products generated revenue of Rs 651.45 crore
• Manufactured products contributed Rs 50.33 crore
• Power segment added Rs 11.62 crore

Dividend Announcement

MOIL's Board of Directors has approved an interim dividend of Rs 1.80 per equity share with a face value of Rs 10 each for the financial year ending March 31, 2025. The record date for dividend payment is set for November 15, 2025, with the actual payment scheduled for December 9, 2025.

Balance Sheet Highlights

As of September 30, 2025, MOIL's total assets stood at Rs 3,303.86 crore. The company maintains a strong equity position with a paid-up equity share capital of Rs 203.49 crore and other equity of Rs 2,498.66 crore.

Investor Relations

MOIL resolved all three investor complaints received during the quarter, leaving no pending complaints as of September 30, 2025.

Looking Ahead

As MOIL continues to operate in a dynamic market environment, investors and stakeholders will be watching closely to see how the company adapts its strategies to improve performance in the coming quarters.

Note: All figures are based on the unaudited financial results for the quarter and half year ended September 30, 2025, as approved by the MOIL Limited Board of Directors.