How Did MOIL Achieve an 18% Surge in Manganese Ore Production in May?
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Synopsis
MOIL has achieved a record in manganese ore production for May, reflecting its operational strength and strategic initiatives. This article explores the details of their impressive growth, including production numbers and financial performance, while highlighting the company’s dedicated efforts in exploration and operational efficiency.
Key Takeaways
- MOIL achieved 171,000 tonnes of manganese ore production in May, an 18% increase.
- Exploratory core drilling reached 13,352 meters, a 17.5% rise.
- Net profit increased by 27% to Rs 115.7 crore for Q1 FY 2024-25.
- EBITDA rose 8.7% year-on-year to Rs 139.4 crore.
- MOIL's strategic initiatives are expanding its resource potential.
New Delhi, June 3 (NationPress) MOIL, a miniratna government manganese ore mining company, announced on Tuesday that it has achieved its highest-ever production for the month of May, showcasing robust operational momentum.
The company produced 171,000 tonnes of manganese ore in May, marking a remarkable 18 percent increase compared to the same month last year.
This achievement represents the highest production for May and the fourth-highest monthly output since the company's inception.
Furthermore, exploratory core drilling reached 13,352 meters, reflecting a 17.5 percent rise from the same period last year, underscoring MOIL's strategic initiatives to enhance resource potential, as stated by the Ministry of Steel.
“Our mines are the foundation of MOIL’s success. This performance illustrates that disciplined operations and effective practices can relentlessly overcome challenges,” remarked Ajit Kumar Saxena, CMD of MOIL.
As India's leading manganese ore producer, MOIL commenced the financial year 2025-26 on a strong note, achieving its highest-ever production in April with 162,000 tonnes of ore.
The government-owned entity, which provides manganese ore for steel production, also recorded its most successful exploratory core drilling in April, reaching 11,453 meters, an impressive 58 percent growth over the same month last year.
MOIL registered a 27 percent increase in consolidated net profit, amounting to Rs 115.7 crore for the January-March quarter of the financial year 2024-25, compared to Rs 91.1 crore in the corresponding quarter of the previous year.
The revenue from operations for the quarter was Rs 433.4 crore, reflecting a 4.2 percent growth from Rs 415.9 crore a year ago.
Operational performance remained stable, with EBITDA increasing 8.7 percent year-on-year to Rs 139.4 crore. The EBITDA margin improved to 32.2 percent from 30.9 percent in the previous year, indicating better cost management and strong pricing.
Point of View
MOIL's recent achievements in manganese ore production reflect a commitment to excellence and operational efficiency. The company's growth is a testament to its strategic initiatives and dedication to meeting the demands of the steel industry while contributing positively to India's economic landscape.
NationPress
21/09/2025
Frequently Asked Questions
What was the manganese ore production for May?
MOIL produced 171,000 tonnes of manganese ore in May, marking an 18 percent increase from the previous year.
How does MOIL's performance in April compare to May?
In April, MOIL achieved its highest-ever production with 162,000 tonnes of manganese ore, setting a strong foundation for May.
What impact does MOIL's production have on the steel industry?
MOIL supplies manganese ore as a critical input for steel production, thus significantly impacting the steel industry's growth and sustainability.
What was the increase in exploratory core drilling?
Exploratory core drilling reached 13,352 meters, reflecting a 17.5 percent increase over the same period last year.
How did MOIL's net profit change in the last quarter?
MOIL reported a 27 percent increase in consolidated net profit to Rs 115.7 crore for the January-March quarter of FY 2024-25.
