Did MOIL Achieve Record October Production of 1.6 Lakh Tonnes?
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Synopsis
In a remarkable achievement, MOIL has recorded its highest October production ever with 1.6 lakh tonnes, marking a 9.1% growth from last year. With robust drilling operations and strategic investments, the company is poised for continued success in manganese mining.
Key Takeaways
- Record production: MOIL achieved its highest-ever October output of 1.6 lakh tonnes.
- Growth trend: The company reported a 9.1% increase in production compared to last year.
- Exploration efforts: MOIL conducted its most extensive drilling ever, totaling 57,275 metres.
- Strategic investments: Approval of Rs. 886 crore for new shaft projects.
- Dividend increase: Interim dividend raised by 15% to Rs. 4.02 per share.
New Delhi, Nov 5 (NationPress) India's leading producer of manganese ore, MOIL, has achieved its highest-ever October output of 1.6 lakh tonnes, reflecting a remarkable growth of 9.1 percent compared to the same month last year, as reported by the Ministry of Steel on Wednesday.
In the first seven months of FY26, the company has produced 11.04 lakh tonnes, marking an 8.5 percent increase compared to the previous year's figures for the same period.
Staying committed to exploration, MOIL has recorded its most extensive exploratory core drilling of 57,275 metres from April to October 2025, the statement revealed.
This public sector entity has maintained a vigorous drilling pace, achieving a record Q2 exploratory core drilling of 21,035 metres, which indicates a 4.1 percent increase over the same quarter last year.
MOIL's chairman and managing director, Ajit Kumar Saxena, commented on the positive trend: "It is heartening to see the production growth sustained over the first seven months. Our team is prepared to deliver another stellar performance this year."
MOIL, categorized as a Schedule 'A' Miniratna Category-I Public Sector Undertaking, specializes in mining and supplying manganese, operating both underground and opencast mines in the Nagpur and Bhandara districts of Maharashtra and the Balaghat district of Madhya Pradesh.
Additionally, the MOIL Board has sanctioned an interim dividend of Rs. 4.02 per share for the fiscal year 2024-25, representing a 15 percent increase over last year's interim dividend of Rs. 3.50 per share.
Moreover, the board has approved five shaft sinking projects, including two ventilation shafts for the Dongri Buzurg Mine, Chikla Mine, and Kandri Mine, estimated at Rs. 886 crore. These projects aim to maintain and boost production levels in the upcoming years.
Point of View
It's clear that MOIL's achievements reflect not only its operational excellence but also the resilience of India's mining sector. The upward trajectory in production indicates a robust market demand, ensuring that MOIL remains a prominent player in the manganese ore industry. This commitment to growth and exploration reinforces the importance of sustainable mining practices and economic development in the region.
NationPress
25/12/2025
Frequently Asked Questions
What is the significance of MOIL's October production?
MOIL's October production of 1.6 lakh tonnes is significant as it marks the highest output for the month, demonstrating a strong growth trend in manganese production which is crucial for various industries.
How does MOIL's production compare to previous years?
With a 9.1% increase in production compared to the same month last year, MOIL is showcasing consistent growth and operational efficiency.
What investments is MOIL making for future production?
MOIL has approved several shaft sinking projects worth Rs. 886 crore, aimed at enhancing and sustaining production levels in the coming years.
What are the main regions where MOIL operates?
MOIL operates in the Nagpur and Bhandara districts of Maharashtra, as well as in the Balaghat district of Madhya Pradesh.
What recent dividends has MOIL announced?
MOIL's board has declared an interim dividend of Rs. 4.02 per share for the financial year 2024-25, reflecting a 15% increase from last year's dividend.
