MOIL Limited has received approval from the Ministry of Steel for a Joint Venture (JV) agreement with Madhya Pradesh State Mining Corporation Limited (MPSMCL). This approval, dated January 29, 2026, concerns a JV for manganese ore mining in Madhya Pradesh. The approval was communicated via letter no. S-17011(18)/10/2025-MOIL, signaling advancement in the collaborative venture.
Ministry Approval for Joint Venture
MOIL Limited has secured approval from the Ministry of Steel regarding the formation of a Joint Venture (JV) with Madhya Pradesh State Mining Corporation Limited (MPSMCL). The approval process initially involved the review of the Draft Joint Venture agreement, followed by its execution.
Details of the Approval
The official communication, via letter no. S-17011(18)/10/2025-MOIL dated 29.01.2026, signifies the Ministry’s endorsement for the JV agreement. The formation of this Joint Venture Company between MOIL Ltd. and Madhya Pradesh State Mining Corporation Limited (MPSMCL) has been cleared by the Department of Investment and Public Asset Management (DIPAM). This JV is aimed at manganese ore mining activities within the State of Madhya Pradesh.
Source: BSE
