SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MOIL registers 35% growth in manganese ore production in November

05 Dec 2023 Evaluate

MOIL has reported 35% rise in Manganese (Mn) ore production to 1.62 lakh tonnes in November, 2023 as compared to November 2022. In the current FY also, the company has registered a remarkable growth of 43% year-on-year, with production of 10.9 lakh tonnes of Manganese ore in April-November, 2023. On the sales front too, the company continued to scale impressive growth, which was 18% and 52% during November, 2023 and April-November, 2023 respectively.

In the recent past, the company has been giving utmost thrust to exploration. In November, 2023 alone, MOIL accomplished core drilling spanning 7551 meters, marking a two-fold increase compared to November, 2022. During April-November 2023 period, MOIL has effectively carried out core drilling of 49,389 meters, showcasing a 2.5-fold rise over corresponding period last year.

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).

MOIL Share Price

321.05 -6.55 (-2.00%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 441.65
NMDC 88.81
GMDC 691.40
Sandur Manganese 213.50
MOIL 321.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×