MOIL's best-ever Production month

MOIL has recorded production of 1.47 lakh tonnes of Manganese Ore in October, 2024, which is its best ever October month production since inception, higher by 32% in comparison to the corresponding period last year (CPLY). During first seven months of FY’25, the company has recorded production of 10.17 lakh tonnes, which is higher by 10% over CPLY.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Defense Stock, BEML surges over by 4.2%, here is price target for PSU stock

On the sales front also, the company has achieved best ever Octobersales of 1.06 lakh tonnes, higher by 21% over CPLY. During first seven months of FY25, the company has registered sales of 8.57 lakh tonnes, surpassing the sales of last year during the same period.
 

Read Also : Indian Overseas Bank to receive Rs 1,359-crore income tax refund

Continuing utmost thrust to exploration, MOIL has carried out exploratory core drilling of 57,071 meters during April-October, 2024, which is 1.4 times over CPLY.

Shri Ajit Kumar Saxena, CMD MOIL, mentioned that it is encouraging that the upward trend in production during first seven months has been maintained. He further mentioned that MOIL team is geared up to register yet another impressive performance in the current financial year.

Read Also : Railway stocks alert: IRFC, IRCON, RailTel, RVNL rallied over 5%, freight growth advances