With a production of 1.2 lakh tonnes of Manganese Ore in November, 2022, MOIL has registered a significant growth of 60% during the month over October, 2022. On the sales front, MOIL has recorded a growth of 82% during the period over the previous month, in spite of challenging market conditions.
Smt. Usha Singh, Director (Human Resource) & CMD (Addl. Charge) attributed the improved performance of the company to great team effort exhibited by all concerned and reiterated that MOIL is geared up for much better performance in the remaining period of the financial year.
About MOIL: MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of Steel, Government of India. MOIL is the largest producer of manganese ore in the country and operates eleven mines in the State of Maharashtra and Madhya Pradesh. MOIL holds ~34% of manganese ore reserves of the country and is contributing ~ 45% of the domestic production. The company has ambitious vision of almost doubling its production to 3.00 million tonnes by 2030. MOIL is also exploring business opportunities in the State of Gujarat, Rajasthan and Odisha besides other areas in the State of Madhya Pradesh