MOIL Reports Strong Production & Sales Growth in Apr-May 2024
MOIL, India's state-owned manganese ore producer, reported a 7% increase in production and a 32% jump in sales during April-May 2024. Learn more about the company's performance.
New Delhi, Jun 3 (PTI) State-owned MOIL on Monday posted a 7 per cent rise in manganese ore production to 3.05 lakh tonne (LT) during April-May 2024.
It had produced 2.84 LT manganese ore during the year-ago period, MOIL said in a statement.
The cumulative sale was 3.3 LT, up 32 per cent over 2.5 LT in the year-ago period.
During April-May 2024, the company conducted an exploratory core drilling of 18,609 metres, 26 per cent higher than 14,770 metres a year earlier.
MOIL, under the Ministry of Steel, meets about 46 per cent of the dioxide ore requirement in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.
It had produced 2.84 LT manganese ore during the year-ago period, MOIL said in a statement.
The cumulative sale was 3.3 LT, up 32 per cent over 2.5 LT in the year-ago period.
During April-May 2024, the company conducted an exploratory core drilling of 18,609 metres, 26 per cent higher than 14,770 metres a year earlier.
MOIL, under the Ministry of Steel, meets about 46 per cent of the dioxide ore requirement in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.
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