MOIL Limited Shatters November Production Records

MOIL Limited, a state-owned manganese-ore company, achieved its highest November production and sales records this year. Production increased by 8.46% and sales by 32% over the corresponding period last year. The company has also crossed a turnover of Rs 1,000 crore in under eight months.

MOIL Limited, known for its manganese-ore mining operations, has achieved record-breaking production figures for November, according to the Ministry of Steel. With 1.63 lakh tonnes of manganese ore produced, this marks the best November output since the company's inception, reflecting a notable increase of 8.46% in production compared to the same period last year.

Sales figures also reached unprecedented heights, with November witnessing the sale of 1.33 lakh tonnes, a 32% rise over the previous year's performance for the same month. For the first eight months of fiscal year 2025, MOIL registered sales of 9.90 lakh tonnes, up by 4.76%. The turnover has surpassed Rs 1,000 crore, achieved ahead of schedule, highlighting MOIL's financial robustness.

Emphasizing exploration, the company executed core drilling of 63,654 meters from April to November 2024 — a 1.28-fold increase from last year. Ajit Kumar Saxena, CMD of MOIL, expressed his satisfaction with the company's sustained growth trajectory. MOIL, holding the status of a Schedule "A" Miniratna Category-I Company, continues to play a crucial role in fulfilling nearly 46% of India's dioxide ore requirements.

(With inputs from agencies.)