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[Ferro-Alloys.com]  MOIL Targets 3.5 Million Tons Manganese Production By FY30 From 2.35 Million Tons

MOIL Limited, India's largest manganese ore producer, has outlined ambitious expansion plans targeting 3.5 million tons manganese ore production capacity by FY30, representing a significant increase from the projected 2.35 million tons in FY26. The company presented these strategic initiatives during its investors and analysts meet conducted on March 17, 2026, alongside comprehensive updates on operational performance and financial results.

Strategic Production Expansion Target

MOIL's expansion strategy centers on achieving substantial production capacity enhancement through comprehensive infrastructure development and strategic partnerships. The company's production trajectory shows accelerated growth plans to nearly double its current capacity over the next four years.

Financial Performance Supporting Growth Plans

MOIL demonstrated robust financial performance in FY24-25, providing strong foundation for its expansion initiatives. The company's financial metrics showcase consistent growth and enhanced profitability to support capital-intensive expansion projects.

The company's net-worth reached ?2,637.90 crores in FY24-25, with return on net-worth improving to 14.99% from 12.49%, indicating enhanced capital efficiency to support expansion plans.

Major Infrastructure Development Projects

MOIL has committed substantial capital investment of ?664.12 crores for infrastructure development through multiple shaft sinking projects scheduled for completion by 2030.

Greenfield Expansion Initiatives

MOIL is pursuing strategic greenfield projects across Gujarat, Madhya Pradesh, and Chhattisgarh to expand its resource base and achieve the 2030 production target.

Gujarat Operations: The company discovered 9.51 million tons manganese ore reserves in the Pani area, with mining lease approval pending at the Ministry of Mines level.

Madhya Pradesh Expansion: MOIL signed agreements covering Bhudkum Block (300 hectares) and Selva Block (100 hectares), with draft joint venture approved by Ministry of Steel, DIPAM, and NITI Aayog.

Chhattisgarh Development: The company completed 11,628 meters of core drilling in the Nilkanthpur block, Balrampur, following the MoU with CMDC.

Current Production Performance

MOIL's operational performance demonstrates strong production capabilities supporting its expansion trajectory. For the nine-month period of FY25-26, the company produced 14.21 lakh tons of manganese ore compared to 13.31 lakh tons in the corresponding period of FY24-25.

The company maintains its leadership position with total reserves and resources of 121.97 million tons as of April 1, 2025, comprising 53.47 million tons of reserves and 68.50 million tons of resources.

• [Editor:tianyawei]