MOIL Limited is a Schedule-A, Miniratna category-1 CPSE under the administrative control of the Ministry of Steel, Government of India. It is the largest producer of manganese ore in the country with a market share of 45 per cent, operating eleven mines in the State of Maharashtra and Madhya
In FY23, the company made profit before tax (PBT) and profit after tax (PAT) of Rs 334.45 crores and Rs 250.59 crore, respectively, which has come down by 39 per cent and 38 per cent respectively.
The largest manganese-producing company in the country said its PAT grew 45 per cent quarter-on-quarter to Rs 39.52 crore against the PAT incurred in Q2.
When NASA's Mars rovers found manganese oxides in rocks in the Gale and Endeavor craters on Mars in 2014, the discovery sparked some scientists to suggest that the red planet might have once had more oxygen in its atmosphere billions of years ago.
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