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MOIL records 10% growth in production of Manganese Ore in February 2023

03 Mar 2023 Evaluate

MOIL has registered 10% growth in production of Manganese Ore in February 2023 over the same period last year. Production of Manganese Ore stood at 1.31 lakh tonnes in February 2023. On the sales front, the company has sold 1.32 lakh tonnes of manganese ore during February, 2023 higher by 19% vis-a-vis February, 2022.

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 420.80
NMDC 80.45
Ashapura Minechem 521.10
Sandur Manganese 179.40
GMDC 543.70
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