MOIL has scaled new heights in sales in April-June, 2024 by achieving its best ever quarterly sales, with a remarkable growth of 14.5% year-on-year (Y-o-Y). The entire organization aligned together to meet this enhanced market demand and the impact could be seen in record revenue also.
This performance was backed by record quarterly production, going up to a level of 4.70 lakh tonnes during April-June, 2024, registering a growth of 7.8% y-o-y. MOIL has also continued its focus on exploration activities and carried out exploratory core drilling of 30,028 meters in April-June 2024, which is higher by 49% 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).
