MOIL's November Production up by 35% y-o-y
On the sales front too, the company continued to scale impressive growth, which was 18% and 52% during November 2023 and Apr-Nov, 23 respectively.
New Delhi: Continuing with its stellar performance, MOIL achieved Manganese (Mn) ore production of 1.62 lakh MT in November 2023, which is 35% higher y-o-y. In the current FY, the company has registered a remarkable growth of 43% y-o-y, with production of 10.9 lakh tonnes of Manganese ore in Apr-Nov, 23.
On the sales front too, the company continued to scale impressive growth, which was 18% and 52% during November 2023 and Apr-Nov, 23 respectively.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYIn the recent past, the company has been giving utmost thrust to exploration. In November 2023 alone, MOIL accomplished core drilling spanning 7551 meters, marking a two-fold increase compared to November 2022.
During the Apr-Nov, 23 period, MOIL has effectively carried out core drilling of 49,389 meters, showcasing a 2.5-fold rise over
CPLY. Shri Ajit Kumar Saxena, CMD, extended another round of congratulations to team MOIL for their consistent stellar performance. He expressed unwavering confidence that the elevated levels of performance will be sustained.
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