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With a production of 1.2 lakh tones of Manganese Ore in November, 2022, MOIL has registered a significant growth of 60% during the month over October, said the ministry of steel in a press release.
On the sales front, MOIL recorded a growth of 82% during the period over the previous month, in spite of challenging market conditions.
“The improved performance of the company is because of the great team effort exhibited by all concerned. MOIL is geared up for much better performance in the remaining period of the financial year,” said Usha Singh, Director (Human Resource) & CMD (Addl. Charge).
MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of Steel, Government of India. It is the largest producer of manganese ore in the country and operates eleven mines in the states of Maharashtra and Madhya Pradesh.
The company holds about 34% of the manganese ore reserves of the country and is contributing approximately 45% of the domestic production. MOIL has an ambitious vision of almost doubling its production to 3.00 million tons by 2030.
It is also exploring business opportunities in the states of Gujarat, Rajasthan and Odisha besides other areas in the state of Madhya Pradesh.
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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
