Ajit Kumar Saxena assume charge as the Chairman-cum-Managing Director of MOIL

Tags: Economy/Finance Person in news

Ajit Kumar Saxena has assumed the charge of Chairman-Cum-Managing Director of the public sector enterprise MOIL Limited.

Prior to this assignment, Shri Saxena held the position of Director (Operations) at RINL-Visakhapatnam Steel Plant. He has 36 years’ experience in the Steel Sector with wide experience in technical, operational and project management areas.

Ajit Kumar Saxena will remain in office till his retirement, 31st December 20225 or until further notice. 

MOIL 

MOIL is a Schedule “A” Miniratna Category-I Company under the Union Ministry of Steel. It was originally incorporated as Manganese Ore (India) Limited in 1962 and its name was changed to MOIL Limited during 2010-11.

The company operates 11 manganese ore mines in India. It has 7 mines located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.

At present the Government of India owns 53.35% shares in the company, Government of Maharashtra (5.96%), Government of Madhya Pradesh (5.38%) and Public (35.31%).

Headquarters: Nagpur, Maharashtra