With a production of 1.31 lakh tonnes of Manganese Ore in April, 2023, MOIL has registered best April production performance since inception, with a significant growth of 26% over April, 2022. Breaking a multi-year record, sales at 97,838 tonnes for the month has also been best for any April month and 72% higher than April, 2022.
Giving utmost thrust to exploration, MOIL achieved core drilling of 7,530 metres in April 2023, which is 3.6 times that of April, 2022. The company has made an ambitious plan of carrying out exploration in brown-field and green-field areas during FY2024.
Production of Electrolytic Manganese Dioxide (EMD) has also been best for any April month, higher by 6% than April, 2022. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.
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).
Company Name | CMP |
---|---|
Coal India | 448.50 |
NMDC | 264.85 |
GMDC | 409.60 |
Sandur Manganese | 506.65 |
MOIL | 438.55 |
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