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.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
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.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
