MOIL's Manganese Milestone: Production and Sales Surge in Current Fiscal

State-owned MOIL reported a 4.5% increase in manganese ore production, reaching 13.3 lakh tonnes from April to December in the current fiscal year. Sales also rose by 4% to 11.39 lakh tonnes. The company anticipates continued growth, supported by a 19% hike in exploratory core drilling.

State-owned MOIL has reported a notable increase in manganese ore production and sales for the current fiscal year. According to a government statement released on Friday, production rose by 4.5% to 13.3 lakh tonnes during the April-December period, compared to the previous year.

Similarly, sales of manganese ore also witnessed a growth, increasing by 4% to 11.39 lakh tonnes in the same time frame. The company's CMD, Ajit Kumar Saxena, expressed optimism about sustaining this growth trajectory.

MOIL's exploratory core drilling rose 19% to 72,340 meters, highlighting its commitment to expansion and innovation. The firm operates several mines in Maharashtra and Madhya Pradesh, supplying various grades of manganese ore for diverse industrial applications.

(With inputs from agencies.)