MOIL Registers Best September Production, Sales Growth in April -September Qtr

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New Delhi: With best ever September production of 1.46 lakh tonnes in September, MOIL has continued its growth momentum.

MOIL operates under the Ministry of Steel. The company is India’s largest manganese ore producer.

The government-owned entity has achieved production of 8.70 lakh tonne during the first six months of the current financial year (April to September 2024), registering a growth of 7 per cent over corresponding period last year (CPLY).

The Company has also achieved Best September sales of 1.59 lakh tonnes in September, 2024. Sales of 7.51 lakh tonnes during April-September 2024, is almost at the same level as that during corresponding period last year, despite challenging
market conditions.

Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 50,222 meters upto September, 2024 which is 1.4 times than the previous year.

MOIL CMD Ajit Kumar Saxena, CMD MOIL, mentioned that in spite of continued rainfall, the upward trend in production during the first six months has been heartening. He further mentioned that the MOIL team is geared up to achieve higher levels of production and sales in the coming months.

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