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MOIL produced 1.23 lakh tonnes of manganese ore, which was the highest August production since the company’s inception, said MOIL in an exchange filing dated September 2.

MOIL shares gain after 58% increase in production

MOIL produced 1.23 lakh tonnes of manganese ore in August 2023, delivering best August production since inception, registering a remarkable growth of 53% y-o-y. Cumulative production for the financial year up to August 2023 has been 6.79 lakh tonnes, which is 44% higher than y-o-y.On the sales front too, performance has been spectacular with sales of 1.11 lakh tonnes for the month, which is more than double than August, 2022. For April-Aug, 2023 period, cumulative growth of 53% has been achieved.

MOIL achieves outstanding production and sales performance in Aug'23 

MOIL announced that the 61th Annual General Meeting (AGM) of the company will be held on 21 September 2023.

MOIL schedules AGM

On the sales front, MOIL recorded the best-ever Q1 sales performance, registering sales of 3.96 lakh MT, marking a 39 percent YoY growth.

MOIL clocks best-ever quarterly production in Q1, marks 35% YoY growth

MOIL achieved best May manganese ore production of 1.53 lakh tonnes in the month gone by, a YoY growth of 43 percent. Its sales also grew 72 percent YoY sales growth at 1.53 lakh tonnes during the month

MOIL surges 3.5% on robust sales, production in May

The state-owned manganese ore mining company raised prices for some of ore grades (BGF452, CHF473 and GMF569) by 10 percent

MOIL gains 4% as price hike expected to improve margins

The state-owned manganese mining firm’s reported a profit after tax of Rs 250.59 crore for FY 23, down 38 percent from the previous financial year

MOIL trades over 4% down as FY23 net profit declines 38%

MOIL Standalone March 2023 Net Sales at Rs 428.06 crore, down 8.51% Y-o-Y

Sales at 97,838 tonnes for April has also been best for any April month, growing 72 percent over same month last year, MOIL said.

MOIL shares gain 2% after healthy growth in April manganese ore production, sales

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MOIL Ltd. engages in the production manganese ore. It operates through the following segments: Mining, Manufacturing, and Power Generation. The firm also manufactures ferro manganese, electrolytic manganese di-oxide; and generates wind power. The company was founded on June 22, 1962 and is headquartered in Nagpur, India.

Watchers	27
52-Wk Low	140.75
52-Wk High	250.00

Market Cap	43.84B
Volume (M)	395,961.00
52-Wk High	250.00
52-Wk Low	140.75

MOIL.NSE MOIL Ltd

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