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).
| Company Name | CMP |
|---|---|
| Coal India | 441.65 |
| NMDC | 88.81 |
| GMDC | 691.40 |
| Sandur Manganese | 213.50 |
| MOIL | 321.05 |
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