MOIL starts exports of Manganese ore as State Trading Enterprise

MOIL marked a significant milestone in manganese ore exports from India with the dispatch of its first shipment of 54,600 tonnes of manganese ore fines from Visakhapatnam to Indonesia as a State Trading Enterprise(STE).

The Government of India has appointed MOIL as a STE for export of Manganese ore below 46% Mn grade from India. MOIL had put in place a mechanism in FY'24-25 for export of Mn ore as per the Trade Policy, through which any exports of Mn ore from India are required to be routed through MOIL. The first consignment of the offered 54,600 tonne Mn ore from Vizag was shipped on 22nd August, 2025 to Indonesia by MOIL. Material is exported to foreign buyers by MOIL with a back-to-back arrangement with the domestic suppliers.

Export of low grade manganese ore (Mn 25%) from the country assumes major significance as India has surplus Mn ore of low grade fines, in excess of domestic demand, and hence export of low grade ore enhances India's global footprint and boosts foreign earning.

Shri Ajit Kumar Saxena, CMD, congratulated the MOIL team for its first ever export consignment of manganese ore as a State Trading Enterprise and emphasized on efficient operations and well-informed strategies to facilitate international trade.

Shares of MOIL Limited was last trading in BSE at Rs. 354.05 as compared to the previous close of Rs. 355.40. The total number of shares traded during the day was 36816 in over 1224 trades.

The stock hit an intraday high of Rs. 359.00 and intraday low of 353.00. The net turnover during the day was Rs. 13084598.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining Exports ManganeseOre