MOIL meaning in NSE Company Symbol ?

Answer: What is MOIL Limited mean?

MOIL (earlier known as Manganese Ore (India) Limited) is a miniratna state-owned manganese ore mining company headquartered in Nagpur, India. With a market share of 50%, it is the largest producer of manganese ore in India. MOIL operates 11 mines in adjoining districts of Maharashtra and Madhya Pradesh. It has been ranked #486 among the 500 top companies in India and 9th in the Mines and Metals Sector of the Fortune India 500 list for 2011.

In December 2010, the government divested about 20% of its equity through an IPO. Of the 20%, the Government of India's share will be 10%, and the governments of Maharashtra and Madhya Pradesh will each divest 5% of the total equity. The central government holds 54% and the two state governments hold about 11% shares in MOIL. and the public holds about 35% shares.

The shares were listed in 2011 at Rs.440, went down to a low of Rs.188 on July 13 and February 15, before recovering currently to Rs.351. The company issued one bonus share for every share held on 28 Sep 2017. The share price was about Rs.140 in January 2021.

reference

Full Form	Category
Marine Operations and Instrumentation Laboratory	Academic & Science
Maynard Oil Company	Business
Madagascar Oil	Business
Manganese Ore (India) Limited	Miniratna Central Public Sector Enterprise
MOIL Limited	NSE Company Symbol