MOIL reports 10% increase in production in February'23
COAL & MINING

MOIL reports 10% increase in production in February'23

MOIL produced 1.31 lakh tonne of manganese (Mn) ore, a 10% increase over the same period the previous year. Sales of manganese ore increased by 19% to 1.32 lakh tonnes in February 2023 from February 2022.

The company is fully prepared for much higher production levels in the upcoming months.

The Ministry of Steel, Government of India, has administrative control over MOIL, a Schedule-A, Mini-ratna Category-I CPSE. With 45% of the domestic production going to MOIL, it is the largest producer of manganese ore in the nation. Eleven mines are run by it in Madhya Pradesh and Maharashtra. By 2030, the company wants to more than double its production to 3 million tonnes. Along with other regions of the State of Madhya Pradesh, MOIL is also looking into business opportunities in the States of Gujarat, Rajasthan, Chhattisgarh, and Odisha.

Also read:
Centre waives RSR mode condition for coal supply
Government to auction off 27 more coal mines beginning February 27


MOIL produced 1.31 lakh tonne of manganese (Mn) ore, a 10% increase over the same period the previous year. Sales of manganese ore increased by 19% to 1.32 lakh tonnes in February 2023 from February 2022. The company is fully prepared for much higher production levels in the upcoming months. The Ministry of Steel, Government of India, has administrative control over MOIL, a Schedule-A, Mini-ratna Category-I CPSE. With 45% of the domestic production going to MOIL, it is the largest producer of manganese ore in the nation. Eleven mines are run by it in Madhya Pradesh and Maharashtra. By 2030, the company wants to more than double its production to 3 million tonnes. Along with other regions of the State of Madhya Pradesh, MOIL is also looking into business opportunities in the States of Gujarat, Rajasthan, Chhattisgarh, and Odisha. Also read: Centre waives RSR mode condition for coal supply Government to auction off 27 more coal mines beginning February 27

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code