What is manganese ore India Limited?

MOIL (earlier known as Manganese Ore (India) Limited) is a miniratna state-owned manganese ore mining company headquartered in Nagpur, India. With a market share of 50%, it is the largest producer of manganese ore in India. MOIL operates 11 mines in adjoining districts of Maharashtra and Madhya Pradesh.

Is MOIL a government company?

It was in 1977, the balance 49% shareholding was acquired from CPMO and MOIL became a 100% Government Company under the administrative control of the Ministry of Steel.

Is MOIL a good buy?

Sharekhan is bullish on MOIL has recommended buy rating on the stock with a target price of Rs 220 in its research report dated March 25, 2022. Improved pricing environment with 10-15% price hike by MOIL Limited (MOIL) in March 2022 to drive margin expansion going ahead.

Which is the largest manganese mine in India?

Balaghat Mine is the largest mine of the company which produces one of the best quality of manganese ore in the country and is also the deepest underground manganese mine in Asia.

What is Moil Ltd?

MOIL Ltd is the largest producer of manganese ore by volume in India. The company produces high medium and low grade manganese ore. Also they produce manganese dioxide and chemical grade manganese ore.

What is manganese ore used for?

Most of the manganese produced is used in the form of ferromanganese and silicomanganese alloys for iron and steel manufacture. Manganese ores containing iron oxides are first reduced in blast furnaces or electric furnaces with carbon to yield ferromanganese, which in turn is used in steelmaking.

Which state is leading producer of manganese in India?

Madhya Pradesh
Madhya Pradesh, the leading manganese ore producing State, accounted for 33% of the total production in 2018-19, which is followed by Maharashtra (27%) and Odisha (16%) (Tables- 2 to 6).

What is the future of MOIL?

In order to meet the requirement of manganese ore in future and maintain market leadership, MOIL has drawn a Strategic Management Plan-2030 (SMP-2030). As per the SMP-2030, the Company has planned to enhance its production to 3.00 million tonnes by 2030.

What is future of MOIL share?

MOIL Limited (NSE: MOIL) As on 3rd Jun 2022 MOIL Share Price closed @ 160.35 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 173.68 & Strong Sell for SHORT-TERM with Stoploss of 174.65 we also expect STOCK to react on Following IMPORTANT LEVELS.

Which state is the largest producer of magnesium in India?

Odisha is the largest producer of manganese in India.

Which state is the largest producer of manganese in India 2021?

Odisha is the largest producer of manganese ores in India. It accounted for one-third of the country’s total production in 2000-01.

What is the price of manganese?

Global manganese prices are expected to remain flat at around 4.5 U.S. dollars per metric ton unit CIF between 2020 and 2022.