MOIL has entered into a draft joint venture agreement with Madhya Pradesh State Mining Corporation Limited (MPSMCL) on Friday at MP Mining Conclave’24 in Bhopal. This collaboration aims to advance manganese ore mining and undertake value-additionprojects in the state of Madhya Pradesh.

 

The formal signing ceremony took place in presence of Chief Minister of Madhya Pradesh Dr Mohan Yadav; Sanjay Shukla, Principal Secretary, Government of Madhya Pradesh; Ajit Kumar Saxena, CMD MOIL; and M M Abdulla, Director (Production and Planning) MOIL; along with other distinguished dignitaries. As per the agreement, a JV company will be formed between MOIL and MPSMCL with a shareholding of 51 per cent of MOIL and 49 per cent of MPSMCL.