Enter the first few characters of Company and click 'Go'

MOIL Ltd. Company History and Annual Growth Details

Our Company was incorporated on June 22, 1962 as a public limited company with the RoC under the name Manganese Ore (India) Limited under the provisions of the Companies Act. Subsequently, the name of our Company was changed from Manganese Ore (India) Limited to MOIL Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on August 17, 2010. This name change was deemed appropriate on the basis that our Company is better known within the industry, to its customers and the
general public as MOIL.

In 1896, a British company by the name of Central Provinces Prospecting Syndicate was set up. In 1924, it changed its name to the Central Provinces Manganese Ore Company Limited ("CPMO"). CPMO ran extensive mining operations for manganese ore within the present-day state of Madhya Pradesh prior to Indian independence.

Our Company was set up pursuant to an agreement dated June 8, 1962 between the GoI and CPMO (the "1962 Agreement"). Pursuant to the terms of this agreement, our Company was incorporated and certain assets of CPMO were transferred to us in return for 49% of Equity Shares of our Company. Our Company was incorporated with a view to inter alia, obtain and work mining leases for manganese ore over the Nagpur, Dongri Buzurg and other
areas.

In 1977, CPMO ceased its involvement with our Company following a sale of its entire shareholding and certain other properties and assets associated with our operations to the Government of India, for an aggregate consideration of ` 15,067,758 pursuant to an agreement dated September 21, 1977, (the "1977 Agreement"). The transfer of all these assets, both movable and immovable was made free from any and all liens, encumbrances, lis-pendens,
charges and hypothecation.

The Government of India vide letter dated September 21, 1977 had nominated our Company as the recipient of the assets transferred by CPMO under the 1977 Agreement.

Major Events and Milestones

Year Event

1962
Incorporation of our Company;

Transfer of mining leases for manganese ore over the Nagpur, Dongri Buzurg and other areas, Consumable stores and other fixed assets from CPMO pursuant to the 1962 Agreement

1977
Transfer of entire stake by CPMO to Government of India and our Company became a 100% Government owned company;

Transfer of the Heavy Media Separation Plant located at the Belapur-Hamesha mine and other consumable stores and spares from CPMO pursuant to the 1977 Agreement

1991
Set up Electrolytic Manganese Dioxide Plant ("EMD") at Dongri Buzurg mine

1998
Set up High Carbon Ferro Manganese plant with capacity of 10,000 TPA at Balaghat mine

2001
Set up integrated Manganese Beneficiation Plant at Dongri Buzurg mine

2006
Wind farm with power generation capacity of 4.8MW commissioned

Issue of Bonus Shares (shares issued on a pro rata basis based upon each of our shareholdersÂ current holding)

2007
Achieved annual production of 1mn tonnes

Company shifted to its present corporate office at ÂMOIL BhavanÂ at 1-A, Katol Road, Nagpur

Set up integrated Manganese Beneficiation Plant at Balaghat mines with capacity of 0.5mn TPA

2008
Second wind farm with power generation capacity of 15.2 MW commissioned

ÂMini-Ratna ' Category ' IÂ status conferred

Incorporated 50:50 Joint Venture company ÂSAIL and MOIL Ferro Alloys Private LtdÂ with SAIL to manufacture ferro alloys at Bhilai (C.G.)

2009
Equity Shares of our Company split from ` 100 per share to ` 10 per share.

Issue of Bonus Shares in the ratio 1:5

Achieved annual turnover of more than ` 1000mn

Awards, Certifications and Recognition

Year Award/Recognition

2010

International Convention on Quality Concepts Circle? Parakh Manganese Ore (India) Limited INDIA Gold Award from
ICQCC.

International Convention on Quality Concepts Circle ? Panchratna Manganese Ore (India) Limited INDIA Gold Award
ICQCC-2010.

ISO 9001:2008 certificate issued by International Certification Services Private Limited for our CompanyÂs quality
management system. This certification is valid until March 16, 2013

-Company has changed its name from Manganese Ore (India) Ltd. to MOIL Ltd.

2009

OHSAS 18001:2007 issued by Vexil Business Process Systems for Underground Mining and Sale of Manganese Ore at
Balaghat Mine. This certification is valid until October 8, 2012

OHSAS 18001:2007 issued by Vexil Business Process Systems for Opencast Mining and Sale of Manganese Ore at
Dongri Buzurg Mine. This certification is valid until October 8, 2012

Awarded MoU Excellence Award in the Mining and Metals sector for the year 2006-07 by the GoI, Department of
Public Enterprises and the Ministry of Heavy Industries and Public Enterprises

Awarded MoU ÂExcellentÂ Rating for excellence in the achievement of MoU Targets for the year 2007-2008 by the GoI,
Department of Public Enterprises and the Ministry of Heavy Industries and Public Enterprises

Second prize in the National Energy Conservation Award in appreciation of achievements in the Mining sector awarded
to our Company by the GoI, Ministry of Power

National Quality Circle Award - Team Pancharatna QC from Dongri Buzurg Mine awarded Par Excellent Award and
Parakh QC from Tirodi Mine awarded Excellent Award

2008

Ispat Rajbhasha Trophy for excellent works done in Hindi

ISO 9001:2000 certificate issued by Vexil Business Process Systems for the Ferro Manganese Plant certified for the
Âmanufacture and supply of high carbon Ferro ManganeseÂ. This certification is valid until September 27, 2011

ISO 9001:2000 certificate issued by Vexil Business Process Systems for the Electrolytic Manganese Dioxide Plant
certified for the Âmanufacture and supply of Electrolytic Manganese DioxideÂ. This certification is valid until September
26, 2011

National Safety Award - Runners-up Trophy for Lowest Injury Frequency Rate at Dongri Buzurg Mine awarded by the
Directorate General of Mines Safety, Ministry of Labour and Employment, GoI

National Safety Award - WinnerÂs Trophy for Longest Accident Free Period at Chikla Mine awarded by the Directorate
General of Mines Safety, Ministry of Labour and Employment, GoI

2007

Awarded MoU ÂExcellentÂ Rating for the year 2005-06 by the GoI, Department of Public Enterprises and the Ministry of
Heavy Industries and Public Enterprises

Awarded MoU ÂExcellentÂ Rating for the year 2004-05 by the GoI, Department of Public Enterprises and the Ministry of
Heavy Industries and Public Enterprises

National Safety Award - Runners-up Trophy for Lowest Injury Frequency Rate at Beldongri Mine awarded by the
Directorate General of Mines Safety, Ministry of Labour and Employment, GoI

National Safety Award - WinnerÂs Trophy for Longest Accident Free Period at Dongri Buzurg Mine awarded by the
Directorate General of Mines Safety, Ministry of Labour and Employment, GoI

First prize - National Energy Conservation Award for the Mining Sector awarded to the Chikla Mine by the Government
of India

2006
First prize - National Energy Conservation Award in the mining sector awarded to the Balaghat Mine by the
Government of India

First prize - National Energy Conservation Award in the chemical sector awarded to our CompanyÂs Electrolytic
Manganese Dioxide Plant by the Government of India

State level award for excellence in energy conservation and management awarded to our CompanyÂs Electrolytic
Manganese Dioxide Plant awarded by the Maharashtra Energy Development Agency

Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 2003-2004 by the GoI, Ministry
of Heavy Industries and Public Enterprises and Department of Public Enterprises

State level award for excellence in energy conservation and management for the Chikla Mine awarded by the
Maharashtra Energy Development Agency

2005
First prize - National Energy Conservation Award in the chemical sector awarded to our CompanyÂs Electrolytic
Manganese Dioxide Plant at Dongri Buzurg Mine by the Government of India

2004
Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 2002-03 by the GoI, Ministry of
Heavy Industries and Public Enterprises and Department of Public Enterprises

2002
Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 2000-01 by the GoI, Ministry of
Heavy Industries and Public Enterprises and Department of Public Enterprises

2000
Awarded Merit Certificate for excellence in the achievement of MoU targets for the year 1998-99 by the GoI, Ministry of
Heavy Industries and Public Enterprises and Department of Public Enterprises

1993
Awarded the Economic Times and the Harvard Business School Association of India awards for excellence in corporate performance

2013

- MOIL receives prospecting license from Maharashtra govt over 597.44 hectares of area.

- MOIL Ltd, has assigned Rs 250 crore investment for conducting geophysical studies and exploratory drilling on 597 acres of area in Maharashtra. The company would utilize the aforesaid area for expansion of existing mines and would open four mines.

- Moil gets govt approval on mining lease for manganese ore from the Ministry of Mines, Government of India.

2014

- Moil - The grant of Prospecting License (PL) by Government of Maharashtra over an area of 597.44 hectares in Nagpur and Bhandara districts of Maharashtra have now been executed and registered.

2015
-MOIL Ltd. - Approval of environmental clearance for purchase of land for new mine

2016
-MOIL Ltd Signing of MoU with Government of Madhya Pradesh.
-MOIL Ltd Execution of Mining lease over 48.974 Ha land in Village Lugma, Tehsil.

2017
-The Company has issued Bonus Shares in the Ratio of 1:1.
-MOIL, Steel Min ink pact to meet 12.50 LT production target.

2019
-"Commencement of Production at Parsoda Mine".

2021
- MOIL signs MoU with Gujarat Mineral Development Corporation.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article