MOIL registers spectacular performance in April, 2023

With a production of 1.31 lakh tonnes of Manganese Ore in April 2023, MOIL has registered the Best April production performance since inception, with a significant growth of 26% over April 2022.

Breaking a multi-year record, sales at 97,838 tonnes for the month have also been the best for any April month and 72 percent higher than April 2022.

Giving utmost thrust to exploration, MOIL achieved core drilling of 7,530 meters in April 2023, which is 3.6 times that of April 2022. The company has made an ambitious plan of carrying out exploration in brown-field and green-field areas during FY’24.

Production of Electrolytic Manganese Dioxide (EMD) has also been the best for any April month, higher by 6% than in April 2022. EMD is a 100% import substitution product, used mostly for pharmaceuticals and the manufacturing of batteries.

Shri Ajit Kumar Saxena, CMD, congratulated the MOIL collective on these achievements and reposed confidence in continuing the growth trajectory in the coming times.

MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of the Ministry of Steel, Government of India. MOIL is the largest producer of manganese ore in the country, contributing ~45% of the domestic production.  It operates eleven mines in the state of Maharashtra and Madhya Pradesh. The company has an ambitious vision of more than doubling its production to 3.00 million tonnes by 2030. MOIL is also exploring business opportunities in the States of Gujarat, Rajasthan, Chhatisgarh, and Odisha, besides other areas in the State of Madhya Pradesh.