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MOIL registers 15% growth in manganese ore production in February

04 Mar 2024 Evaluate

MOIL has achieved best ever February production of 1.51 lakh tonnes Manganese (Mn) ore, higher 15% y-o-y. Production of 15.84 lakh tonnes upto February, 2024, has registered a remarkable growth of 37% y-o-y, surpassing best ever production of any financial year since inception.

On the sales front too, the company has achieved sales of 1.56 lakh tonnes, 18 percent higher than Feb, 2023. During the year (upto February 2024) sales of 13.91 lakh tonnes has been achieved, scaling an impressive growth of 32% y-o-y.  The company has been giving utmost thrust to exploration month after month. In the current FY upto February, 2024, MOIL has carried out core drilling of 78,922 meters which is more than double y-o-y.

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

293.60 -1.80 (-0.61%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 451.45
NMDC 88.43
GMDC 613.90
Sandur Manganese 211.60
MOIL 293.60
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