[Ferro-Alloys.com]  MOIL Forms New Mining JV with MPSMCL, Incorporates MOIL MPSMCL Mining Limited

State-owned mining company MOIL Limited has announced the incorporation of a joint venture company, MOIL MPSMCL Mining Limited, in partnership with Madhya Pradesh State Mining Corporation Limited (MPSMCL). The development was disclosed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the company's regulatory filing dated June 6, 2026, the Ministry of Corporate Affairs (MCA) has confirmed the incorporation of the joint venture company and allotted Corporate Identification Number (CIN) U07293MP2026GOI084604.

MOIL to Hold Majority Stake

Under the joint venture structure, MOIL Limited will hold a 51% stake, while Madhya Pradesh State Mining Corporation Limited will own the remaining 49% stake. The newly incorporated company has been established as a subsidiary of MOIL Limited.

The venture aims to strengthen manganese ore mining activities and explore new opportunities in the mineral-rich regions of Madhya Pradesh.

Focus on Manganese Ore Mining

MOIL MPSMCL Mining Limited will primarily engage in the mining of manganese ore, a critical raw material used in steel manufacturing and various industrial applications.

The incorporation aligns with MOIL's long-term strategy of expanding its mining footprint and securing additional mineral resources to support India's growing industrial and infrastructure requirements.

Investment Details

As part of the incorporation process, shares have been subscribed through a cash consideration mechanism. The joint venture company has issued 1,02,000 equity shares with a face value of ?10 each.

The partnership is expected to leverage the strengths of both organizations, combining MOIL's expertise in manganese mining with MPSMCL's regional mining capabilities.

Strategic Significance for MOIL

The establishment of MOIL MPSMCL Mining Limited marks an important step in MOIL's expansion strategy. By partnering with Madhya Pradesh State Mining Corporation Limited, the company aims to enhance resource availability, increase production capacity, and contribute to India's mineral security objectives.

Industry analysts believe such strategic collaborations can help accelerate exploration and mining activities while supporting the government's vision of boosting domestic mineral production.

Key Highlights

MOIL and MPSMCL have incorporated a joint venture company named MOIL MPSMCL Mining Limited.

The company was incorporated on June 4, 2026.

MOIL will hold a 51% stake, while MPSMCL will own 49%.

The venture will focus on manganese ore mining.

MCA has allotted CIN U07293MP2026GOI084604.

Necessary approvals have been received from DIPAM and the Ministry of Steel.

About MOIL

MOIL Limited is India's largest producer of manganese ore and a Miniratna public sector enterprise under the Ministry of Steel. The company plays a vital role in supplying manganese ore to the steel industry and continues to expand its mining operations through strategic initiatives and partnerships.

• [Editor:tianyawei]