MOIL Limited saw its shares gain more than 2% after the company achieved a major milestone in the manganese ore export market. On 22 August 2025, the state-run miner dispatched its first-ever consignment of 54,600 tonnes of manganese ore fines from Visakhapatnam to Indonesia, marking a significant step in India’s mineral trade.
The Government of India has designated MOIL as a State Trading Enterprise (STE) for the export of manganese ore below 46% Mn grade. Under the current trade policy, all such exports must be routed through MOIL. In line with this, the company finalized a back-to-back arrangement with domestic suppliers to facilitate overseas shipments.
The maiden consignment included manganese ore fines of around 25% Mn grade, a category where India has surplus availability beyond domestic demand. Industry experts note that this move not only helps reduce stockpiles of low-grade ore but also strengthens India’s global presence in the manganese trade while contributing to foreign exchange earnings.
