With production of 13.02 lakh tonnes of Manganese (Mn) Ore in FY23, MOIL has recorded its second highest production since inception, registering 6% growth over the previous year.
Record Capital expenditure of Rs 245 crore has also been achieved in FY23, which is 14% higher than FY22. With utmost thrust on exploration, MOIL has carried out best ever exploratory core drilling of 41,762 metres in FY23, which is 2.7 times of the average exploration achieved in the last 5 years. The same will not only form the basis of enhanced production from its existing mines but will also be the foundation of opening new Manganese mines in the country.
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).
