MOIL appoints Vishwanath Suresh as chairman and managing director

State-ownedMOIL Limited has appointed Vishwanath Suresh as its chairman and managing director, marking a key leadership change at the state-owned mining company. The appointment has been made by the Government of India through the Ministry of Steel and is effective from January 7, 2026.

According to the company, Suresh will serve as chairman and MD from the date he assumes charge until his superannuation on August 31, 2030, or until further orders, whichever is earlier. He has assumed charge of the post on January 7.

MOIL stated that Suresh is not related to any director or key managerial personnel of the company and is not barred by any regulatory authority from holding the position. The appointment does not involve any disqualification under the provisions of the Companies Act, 2013.

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The company said the appointment has been carried out in compliance with applicable regulatory requirements and has been duly communicated to the stock exchanges. MOIL is a Government of India enterprise engaged in the mining sector.

Shares of MOIL Limited closed lower on the NSE on January 7, ending at ₹376.85, down ₹3.70 or 0.97%.