MOIL Aims for 3.5 Million Tons Manganese Production by FY30 MOIL Limited, India’s largest manganese ore producer, has outlined ambitious expansion plans to increase manganese ore production capacity to 3.5 million tons by fiscal year 2030, up from a projected 2.35 million tons in fiscal year 2026. The company presented these goals during an investors’ meeting on March 17, 2026, alongside updates on its financial performance and infrastructure development initiatives. The expansion strategy focuses on enhancing production capacity through significant infrastructure investments and strategic partnerships. MOIL’s production trajectory is projected to nearly double its current capacity over the next four years. The company’s strategic targets include increasing its market share from 20% to 32% by FY30 and expanding its total reserves and resources beyond the current 121.97 million tons. MOIL’s financial performance in FY24-25 provided a strong foundation for its growth plans. The company reported a profit after tax (PAT) of ₹381.64 crores, a 30.11% increase from ₹293.34 crores in FY23-24. Revenue from operations rose to ₹1,585 crores, up 9.39% from ₹1,449 crores in the previous fiscal year. The company’s net-worth reached ₹2,637.90 crores in FY24-25, with a return on net-worth of 14.99%, up from 12.49% in FY23-24. To support its expansion, MOIL has allocated ₹664.12 crores for infrastructure development across multiple mining projects. Key projects include the Dongri Buzurg Production Shaft, Kandri Mine, and Chikla Mine, all scheduled for completion by 2030. Additional investments are planned for ventilation systems at the Dongri Buzurg site, with completion targets set for 2029. MOIL is also pursuing greenfield projects in Gujarat, Madhya Pradesh, and Chhattisgarh to expand its resource base.#india #moil_limited #dongri_buzurg_production_shaft #kandri_mine #chikla_mine
