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Gaurav Narendra Puri

3rd Oct · SEBI-Registered Analyst

MOIL reports record September production and a 10.3% increase in Q2 production.

MOIL
Thanks to increased output and drilling activity, India's state-owned manganese manufacturer MOIL Ltd. recorded its highest-ever September production on Friday, at 1.52 lakh tons, up 3.8% from the previous year. According to the company's exchange report, quarterly output for July–September increased 10.3% year over year to 4.42 lakh tonnes, while sales increased 18.6% to 3.53 lakh tonnes. Exploratory core drilling reached a record 21,035 meters for the quarter, up 4.1% from the previous year, and jumped 46% in September to 5,314 meters. Chairman and Managing Director Ajit Kumar Saxena stated, "The growth attained across key parameters underscores MOIL's commitment to strengthening its operational excellence and ensuring long-term sustainability."

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