Nagpur: MOIL Limited, a state-owned manganese ore producer headquartered in Nagpur, has announced a key change in its Board of Directors. Ashwini Kumar, currently serving as Economic Adviser in the Ministry of Steel, has been appointed as the new Government Nominee Director on MOIL’s Board.
The appointment was made following an official order issued by the Ministry of Steel on June 11, 2025, which also confirmed that Vinod Kumar Tripathi, Joint Secretary in the same ministry, has ceased to hold the position.
Seasoned Economist with 21 Years of Public Service
Ashwini Kumar is a senior officer of the Indian Economic Service (IES) and brings with him over two decades of experience in public administration, economic policy, public finance, development economics, and econometrics.
Mr Kumar holds both M.A. and M.Phil. degrees in Economics from Jawaharlal Nehru University (JNU). Apart from his new role at MOIL, he is currently also serving as a Government Nominee Director on the Board of MSTC Limited, another PSU under the Ministry of Steel.
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Regulatory Disclosures Made to NSE and BSE
MOIL Limited confirmed that Ashwini Kumar is not debarred from holding office by any regulatory authority, including SEBI, and has no familial or professional relationships with any of the company’s Directors or Key Managerial Personnel.
As per regulatory norms, the company has notified the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of the change in its board structure.
MOIL’s Strategic Role in India’s Steel Sector
MOIL Limited is a Miniratna Category-I PSU under the administrative control of the Ministry of Steel. It is the largest producer of manganese ore in India, a mineral critical to the steel-making process. The company plays a strategic role in ensuring raw material security for India’s steel industry.
This board-level appointment is part of the Ministry’s ongoing efforts to streamline governance and enhance the strategic oversight of critical public sector undertakings.
About MOIL
MOIL, or Manganese Ore (India) Limited, is a Miniratna Category-I PSU under the Ministry of Steel of the Indian government. It’s the largest producer of manganese ore in India, holding a market share of around 50%. MOIL operates 11 mines in Maharashtra and Madhya Pradesh, primarily engaging in the mining, processing, and marketing of manganese ore.
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