MOIL achieves best November Performance

MOIL achieves best November 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% 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% over CPLY. During first eight months of FY25, the company has registered sales of 9.90 lakh tonnes, which is higher by 4.76% over CPLY.

The company has surpassed a turnover of Rs. 1,000 crore within 8 months of FY’25, achieving this milestone over a month earlier than last year. 

Continuing utmost thrust to exploration, MOIL has carried out exploratory core drilling of 63,654 meters during April-November, 2024, which is 1.28 times over CPLY.

Shri Ajit Kumar Saxena, CMD MOIL, mentioned that it is heartening that the company has continued the momentum of upward performance both in production and sales. He further added that MOIL team is geared up to register yet another successful financial year.