Joint Venture31 Jan 2026, 02:11 pm
Moil Ltd Receives Approval for Joint Venture with MPSMCL for Manganese Ore Mining
AI Summary
Moil Ltd has received approval from the Ministry of Steel for the formation of a Joint Venture with Madhya Pradesh State Mining Corporation Limited (MPSMCL) for manganese ore mining in the State of Madhya Pradesh. The approval came after the clearance from the Department of Investment and Public Asset Management (DIPAM). The Joint Venture agreement was previously approved by the Board of Directors of MOIL Ltd. Further details will be submitted in due course.
Key Highlights
- Moil Ltd and MPSMCL received approval for a Joint Venture for manganese ore mining
- The approval was given by the Ministry of Steel after clearance from DIPAM
- The Joint Venture agreement was previously approved by the Board of Directors of MOIL Ltd
- The Joint Venture will be for manganese ore mining in the State of Madhya Pradesh
- Further details will be submitted in due course