Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 04, 2023

MOIL Ore Production Grows 43% To 10.88 LT In April-November

MOIL Ore Production Grows 43% To 10.88 LT In April-November
Manganese ores. (Source: MOIL website)

State-owned MOIL on Monday posted 43% rise in manganese ore production at 10.88 lakh tonne during April-November 2023.

It had produced 7.58 LT manganese ore during the year-ago period, MOIL said in a statement.

Last month, the production was 1.62 LT, registering 35% year-on-year growth over 1.20 LT in November 2022.

The cumulative sale was 9.45 LT, up 52% from 6.23 LT in the first eight months of the previous fiscal.

In November 2023, the company reported sales of 1.01 LT as against 0.86 LT in the same month last year.

During April-November 2023, the company conducted an exploratory core drilling of 49,389 metres, 2.6 times higher than 18,899 metres in the same period last year.

MOIL, under Ministry of Steel, meets about 46% of the total requirement of dioxide ore in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search