MOIL Limited has informed the Exchange regarding a press release dated September 17, 2025, titled "MOIL starts exports of Manganese ore as State Trading Enterprise (STE)".
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MOIL Limited, one of India's largest manganese ore producers, has announced the start of manganese ore exports under the State Trading Enterprise (STE) framework. The announcement is based on a press release dated September 17, 2025. Operating as an STE gives MOIL a government-backed mandate to trade in manganese ore internationally, leveraging its position as a major domestic producer. This move signals a strategic shift from primarily domestic sales to international markets. The company is expected to tap into global demand for manganese, which is a key input for steel-making and EV batteries.
This is a positive development for shareholders as it opens a new revenue stream through international markets and could improve realisations. Export operations as an STE may also strengthen MOIL's pricing power and long-term growth prospects, though actual impact will depend on export volumes and global manganese prices.