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MOIL registers 7% rise in manganese ore production in April-August

04 Sep 2024 Evaluate

MOIL has achieved manganese ore production of 7.24 lakh tonnes during first five months of the current financial year (April to August 2024), registering a growth of 7% over corresponding period last year. 

The company has achieved sales of 5.92 lakh tonnes during April-August 2024, which is almost at the same level of last year. This is despite challenging market conditions and high international price volatility over the past few months.  

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).


Peers
Company Name CMP
Coal India 396.30
NMDC 67.39
Ashapura Minechem 426.70
Sandur Manganese 169.20
GMDC 436.20
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