Home Brand News MOIL GETS 597.44 HECTARES OF NEW AREA IN MAHARASHTRA

MOIL GETS 597.44 HECTARES OF NEW AREA IN MAHARASHTRA

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MOIL Limited (formerly Manganese Ore (India) Limited) (MOIL), a Miniratna Category-I Central Public Sector Enterprise under the administrative control of the Ministry of Steel, Government of India has been granted prospecting licence over an area of 597.44 hectares in the Nagpur and Bhandara districts by the Government of Maharashtra. The total area comprises of 11 blocks located adjacent to the existing leasehold area of MOIL in Nagpur and Bhandara districts of Maharashtra. MOIL is getting this new area for the first time since its inception in 1962. Presently MOIL is operating 6 mines in Maharasthra and 4 mines in Madhya Pradesh for the last over a century. MOIL was formed in 1962 after taking over the erstwhile British Company viz. Central Provinces Manganese Ore Company Limited (CPMO). With the support and co-operation received from the State Government of Maharashtra, Central Government and Indian Bureau of Mines, the Company could get this area allotted.

The necessary grant orders have been received by the Company recently according to which, 6 blocks are located in Ramtek, Saoner and Mouda Tahsils of Nagpur district and 5 blocks are located in Tumsar Tahsil of Bhandara district. Presently, the Company’s existing
leasehold area in Maharashtra is spread over an area of 696 hectares and with the addition of the new allotment the total area shall be 1293 hectares reflecting an increase of 86%. The total leasehold area of MOIL shall thus increase from 1798.92 hectares to 2395.92 hectares reflecting an increase of 33.18%. This is indeed a huge increase in the area held by MOIL and this will go a long way in augmenting the production of manganese ore in the country in the coming years which in turn will help to meet the demand of Steel Industry to a great

With grant of Prospecting Licence (PL) over the new area of 597.44 hectares, some of the areas will be utilised for expansion of the existing mines and there is a possibility of opening up of at least 4 new mines. Anticipating the grant of PL, the Company has earmarked a sum of Rs.250.00 crores for conducting geophysical studies, exploratory drilling, etc. After completion of preliminary studies, the Company shall convert these leases to Mining Leases so as to start the mining operations in the coming years. However, there will be a number of statutory clearances such as environment, forest, etc., before the new mines could be started.
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