MOIL Records Best Performance in November
ECONOMY & POLICY

MOIL Records Best Performance in November

MOIL recorded a production of 1.63 lakh tonne of Manganese Ore in November 2024, marking the best November performance since its inception. In the first eight months of FY’25, the company achieved a production of 11.80 lakh tonne, which represented an 8.46 per cent increase compared to the corresponding period in the previous year (CPLY). On the sales front, the company also achieved its highest-ever November sales, reaching 1.33 lakh tonne, a 32 per cent increase over CPLY. For the first eight months of FY’25, the company registered sales of 9.90 lakh tonne, an increase of 4.76 per cent over CPLY.

The company surpassed a turnover of Rs 10 billion within the first eight months of FY’25, achieving this milestone over a month earlier than last year.

As part of its continued emphasis on exploration, MOIL carried out exploratory core drilling of 63,654 metres between April and November 2024, which was 1.28 times higher than the previous year.

Ajit Kumar Saxena, the CMD of MOIL, stated that it was encouraging to see the company maintain its upward momentum in both production and sales. He also expressed confidence that the MOIL team was prepared to achieve another successful financial year.

MOIL recorded a production of 1.63 lakh tonne of Manganese Ore in November 2024, marking the best November performance since its inception. In the first eight months of FY’25, the company achieved a production of 11.80 lakh tonne, which represented an 8.46 per cent increase compared to the corresponding period in the previous year (CPLY). On the sales front, the company also achieved its highest-ever November sales, reaching 1.33 lakh tonne, a 32 per cent increase over CPLY. For the first eight months of FY’25, the company registered sales of 9.90 lakh tonne, an increase of 4.76 per cent over CPLY. The company surpassed a turnover of Rs 10 billion within the first eight months of FY’25, achieving this milestone over a month earlier than last year. As part of its continued emphasis on exploration, MOIL carried out exploratory core drilling of 63,654 metres between April and November 2024, which was 1.28 times higher than the previous year. Ajit Kumar Saxena, the CMD of MOIL, stated that it was encouraging to see the company maintain its upward momentum in both production and sales. He also expressed confidence that the MOIL team was prepared to achieve another successful financial year.

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