MOIL announces change in Govt Nominee Director on board

New Delhi: Nagpur-based state-owned manganese ore producer MOIL Limited has announced a change in its Board of Directors with the appointment of Ashwini Kumar, Economic Adviser in the Ministry of Steel, as the new Government Nominee Director on its board.

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The appointment follows an order issued by the Ministry of Steel dated June 11, in which Ashwini Kumar replaces Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, who ceases to hold the position of Government Nominee Director on MOIL's Board.

Kumar is a senior officer of the Indian Economic Service (IES) with over 21 years of experience in public administration, policy formulation, public finance, development economics, and econometrics. He holds M.A. and M.Phil. degrees in Economics from Jawaharlal Nehru University and is also currently serving as a Government Nominee Director on the Board of MSTC Limited.

MOIL confirmed that Kumar is not debarred from holding the office by any order of SEBI or other regulatory authority and has no relation with any other Director or Key Managerial Personnel of the company.

The company has formally notified the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of the change.

MOIL Limited, a Miniratna PSU under the Ministry of Steel, is India’s largest producer of manganese ore and plays a strategic role in the steel sector.

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