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MOIL achieved Manganese (Mn) ore production of 1.62 lakh MT in November, 2023, which is 35% higher y-o-y.
In the current FY also, the company has registered a remarkable growth of 43% y-o-y, with production of 10.9 lakh tonnes of manganese ore in Apr-Nov, 23.
On the sales front too, the company continued to scale impressive growth, which was 18% and 52% during November, 2023 and Apr-Nov, 23 respectively.
In the recent past, the company has been giving utmost thrust to exploration. In November, 2023 alone, MOIL accomplished core drilling spanning 7551 meters, marking a two-fold increase compared to November, 2022. During Apr-Nov, 23 period, MOIL has effectively carried out core drilling of 49,389 meters, showcasing a 2.5-fold rise over CPLY.
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