MOIL has achieved the highest-ever turnover of Rs. 1440 crore (unaudited and provisional) during financial year 2018-19, registering a growth of 9% over previous year.
Core production (non-fines, i.e., production excluding fines) jumped 15% during the year. Total production crossed 13 lakh MT in FY’19 (up by 9% y-o-y), which is the highest achievement in last ten years. The company has also achieved highest-ever production of non-fines manganese ore. Nonfines sales are also at a record-high of 11 lakh MT (up by 13% y-o-y). The total production growth in last three years is around 30%. Currently, MOIL holds 34% of manganese ore reserves of the country and is contributing 50% of the domestic production.
MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).
