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MOIL is set to diversify by stepping into iron ore mining operations.
The move aligns with India’s mineral self-reliance and steel industry support.
It positions MOIL as a multi-mineral PSU beyond manganese dominance.
MOIL Limited, India’s leading manganese ore producer under the Ministry of Steel, is planning to diversify its mining operations by entering the iron ore segment, as per official sources. This strategic move aligns with MOIL’s broader goal of expanding its mineral portfolio and strengthening its presence in the country’s critical steel-making raw material supply chain.
The company, which currently meets over 50% of India’s manganese demand, is exploring opportunities for acquiring mining leases or collaborating through joint ventures to tap into iron ore reserves. Iron ore, a key ingredient for steel production, is witnessing high domestic demand, and MOIL’s entry into this space could help ease supply-side bottlenecks.
This development comes amid India’s growing emphasis on self-reliance in mineral resources to support domestic steel manufacturing and reduce import dependency. MOIL’s expansion is expected to contribute positively to India’s iron ore availability while leveraging its operational expertise in mining.
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