FilingReader Intelligence

MOIL begins manganese ore exports as state trading enterprise

September 17, 2025 at 01:29 PM UTCBy FilingReader AI

MOIL marked a significant milestone by dispatching its first shipment of 54,600 tonnes of manganese ore fines from Visakhapatnam to Indonesia. This signifies MOIL's new role as a state trading enterprise (STE) for the export of manganese ore. The government of India appointed MOIL as an STE for exporting manganese ore below 46% Mn grade from India, implementing a mechanism for all such exports to be routed through MOIL in fiscal year 2024-25.

The initial consignment of 54,600 tonnes of manganese ore was shipped on August 22, 2025. MOIL exports material to foreign buyers through back-to-back arrangements with domestic suppliers. The export of low-grade manganese ore (Mn 25%) is particularly significant as India possesses a surplus of low-grade fines, exceeding domestic demand.

This initiative is expected to enhance India's global footprint and boost foreign earnings. Ajit Kumar Saxena, CMD, congratulated the MOIL team on this achievement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:MOILBombay Stock Exchange

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