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MOIL reports 60% growth in production of Manganese Ore in November

02 Dec 2022 Evaluate

MOIL has registered a significant growth of 60% in production of Manganese Ore during the November month over October, 2022. Production of Manganese Ore stood at 1.2 lakh tonnes in November, 2022. On the sales front, MOIL has recorded a growth of 82% during the period over the previous month, in spite of challenging market conditions.

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).

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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