MOIL achieves best Nov performance

 

 

MOIL has recorded production of 1.63 lakh tonnes of Manganese ore in November, 2024, which is the best November performance since inception. During first eight months of FY’25, the company has recorded production of 11.80 lakh tonnes, which is higher by 8.46 per cent over corresponding period last year (CPLY). On the sales front also, the company has achieved best ever November sales of 1.33 lakh tonnes, higher by 32 per cent over CPLY. During first eight months of FY25, the company has registered sales of 9.90 lakh tonnes, which is higher by 4.76 per cent over CPLY.

 

The company has surpassed a turnover of Rs. 1,000 crore within 8 monthsof FY’25, achieving this milestone over a month earlier thanlast year. Continuing utmostthrust to exploration, MOIL hascarried out exploratory coredrilling of 63,654 meters duringApril-November, 2024, which is1.28 times over CPLY. Ajit Kumar Saxena, CMDMOIL, said that it is hearteningthat the company has continuedthe momentum of upward performance both in production andsales. He further added that MOILteam is geared up to register yetanother successful fin