MOIL trades jubilantly on registering 15% growth in manganese ore production in February

MOIL Ltd. | Mining & Minerals | Metals & Mining | BSE: 533286 | NSE: MOIL

04 Mar 2024 Evaluate

MOIL is currently trading at Rs. 305.50, up by 26.00 points or 9.30% from its previous closing of Rs. 279.50 on the BSE.

The scrip opened at Rs. 288.00 and has touched a high and low of Rs. 313.25 and Rs. 288.00 respectively. So far 335296 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.15 on 02-Feb-2024 and a 52 week low of Rs. 140.65 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 313.25 and Rs. 259.50 respectively. The current market cap of the company is Rs. 6220.54 crore.

The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 16.01% and 19.30% respectively.

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

309.15 -3.75 (-1.20%)

05-May-2026 14:33 View Price Chart

Peers

Company Name	CMP
Coal India	473.25
NMDC	88.73
GMDC	721.65
Sandur Manganese	207.60
MOIL	309.15
View more..

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