Has MOIL Achieved Its Highest July Manganese Ore Production?
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Synopsis
MOIL has set a new record with its July manganese ore production, achieving a 12% increase compared to last year, showcasing resilience amidst challenging weather. This achievement marks a significant milestone for the government-owned entity as it continues to enhance its operational efficiency and profitability.
Key Takeaways
- MOIL achieved a record production of 1.45 lakh tonnes in July.
- Production growth of 12% despite adverse weather.
- Sales reached 5.01 lakh tonnes, a 10.7% increase over last year.
- Exploratory drilling totalled 43,215 meters, up 11.4%.
- Declared an interim dividend of Rs. 4.02 per share.
New Delhi, Aug 4 (NationPress) The government-owned MOIL has recorded a remarkable manganese ore production of 1.45 lakh tonnes in July, reflecting an impressive 12 percent increase compared to the same period last year (CPLY), despite facing challenging weather conditions, as announced on Monday.
During the April–July 2025 period, MOIL maintained strong operational growth with a total production of 6.47 lakh tonnes (up 7.8 percent), sales reaching 5.01 lakh tonnes (a rise of 10.7 percent over CPLY), and exploratory drilling totaling 43,215 meters (an increase of 11.4 percent from CPLY), according to information from the Steel Ministry.
Ajit Kumar Saxena, the chairman and managing director of MOIL, commended the team for their exceptional performance and highlighted the ongoing commitment to boost production and sales, even amidst adverse weather challenges.
In June, India's leading manganese ore producer continued its upward trend by achieving an unprecedented production of 1.68 lakh tonnes of manganese ore, which is a 2 percent increase from the same month last year.
This government-owned entity, which provides manganese ore essential for steel production, also recorded its best-ever Q1 exploratory drilling with 34,900 meters, representing a significant 16.2 percent increase compared to the previous year.
Earlier, MOIL announced a 27 percent rise in consolidated net profit, reaching Rs 115.7 crore for the January-March quarter of FY 2024-25, compared to Rs 91.1 crore from the same quarter last year.
The operational revenue for the quarter was Rs 433.4 crore, showing a 4.2 percent increase from Rs 415.9 crore a year prior.
Operational efficiency remained consistent, with EBITDA increasing by 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 stable pricing.
The MOIL board has also sanctioned an interim dividend of Rs. 4.02 per share for FY 2024-25 during the declaration of the Q3 results, marking a 15 percent rise from last year's interim dividend of Rs. 3.50 per share.
Point of View
MOIL's recent achievements highlight the resilience and capability of government-owned enterprises in navigating adverse conditions. Their consistent performance not only contributes significantly to the steel industry but also reflects positively on the national economy. As they continue to set new production records, it is crucial for MOIL to maintain this momentum and focus on sustainable growth.
NationPress
05/10/2025
Frequently Asked Questions
What was MOIL's manganese ore production in July?
MOIL produced 1.45 lakh tonnes of manganese ore in July, achieving a 12% growth over the same month last year.
How did weather conditions affect MOIL's performance?
Despite adverse weather conditions, including heavy rainfall, MOIL demonstrated strong operational momentum and continued to increase production and sales.
What is the significance of MOIL's production for the steel industry?
As the largest manganese ore producer in India, MOIL’s production is crucial as manganese is an essential input for steel manufacturing.
What financial performance did MOIL report for Q1 2024-25?
MOIL reported a 27% increase in consolidated net profit, reaching Rs 115.7 crore, and operational revenue of Rs 433.4 crore for the January-March quarter.
What is the interim dividend declared by MOIL?
MOIL has approved an interim dividend of Rs. 4.02 per share for the financial year 2024-25, which is a 15% increase from last year's dividend.
