MOIL registers best August outputof 1.24 lakh tonne in 2024
   Date :05-Sep-2024

MOIL
 
Business Reporter :
 
MOIL has reported it best ever Augustproduction of 1.24lakh tonne in 2024. It had achieved production of 7.24 lakh tonne during first five months of the current financial year (April to August 2024), registering a growth of 7% over the CorrespondingPeriodLastYear (CPLY),saidcompanyofficials. MOIL has achieved sales of 5.92 lakh tonne during AprilAugust 2024, which is almost at the same level of last year. Thisisdespitechallengingmarket conditions and high international price volatility over the past few months. Revenue fromoperationshas increased by about 11 per cent duringApril-August, 2024over the corresponding period of last year.MOIL has carried out exploratory core drilling of 46,585 meters upto August, 2024 which is 1.6 times than the previous year, informs a press release issued here.