New Delhi: MOIL Limited, a state-owned manganese ore producer, has initiated exports of manganese ore as a State Trading Enterprise (STE), marking a key milestone in India’s mineral trade.
According to the company, it has dispatched its first consignment of 54,600 tonnes of manganese ore fines from Visakhapatnam to Indonesia on August 22. This development follows the Government of India’s decision to designate MOIL as the STE for exports of manganese ore below 46 percent Mn grade.
In FY 2024-25, MOIL had established a mechanism in line with the national trade policy to facilitate exports, under which all shipments of manganese ore from India are to be routed through the company. The export arrangement operates on a back-to-back basis with domestic suppliers, enabling MOIL to channel surplus ore to overseas buyers.
The initiative carries strategic importance as India has an excess availability of low-grade manganese ore (Mn 25 percent), beyond domestic requirements. By enabling exports, MOIL aims to strengthen India’s global footprint in the manganese market while contributing to foreign exchange earnings.
Commenting on the development, MOIL's Chairman and Managing Director (CMD) Ajit Kumar Saxena congratulated the team for executing the company’s maiden export consignment as an STE. He highlighted the importance of efficient operations and well-informed strategies in expanding MOIL’s international trade activities.
MOIL, headquartered in Nagpur, is India’s largest producer of manganese ore and plays a crucial role in supporting the steel sector.
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