+
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.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?