Did MOIL Set a Record in July Manganese Ore Production for FY26?
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Synopsis
In a remarkable display of resilience, MOIL has achieved an all-time high in manganese ore production for July 2025 despite challenging weather conditions. This growth not only underscores the company's operational strength but also its commitment to meeting rising demand in the steel industry. Discover how MOIL is navigating through these challenging times.
Key Takeaways
- MOIL set a record with 1.45 lakh tonnes of manganese ore production in July.
- The company experienced a 12 percent increase in production compared to last year.
- Strong operational performance was maintained despite adverse weather conditions.
- Sales figures reached 5.01 lakh tonnes, reflecting a 10.7 percent growth.
- MOIL's contributions are vital for the steel manufacturing sector.
New Delhi, Aug 4 (NationPress) The government-owned MOIL has reported an impressive manganese ore output of 1.45 lakh tonnes in July, signifying a remarkable growth of 12 percent compared to the same month last year (CPLY), despite facing challenging weather conditions, as announced on Monday.
In the face of heavy rainfall, MOIL maintained strong operational performance from April to July 2025, achieving a total production of 6.47 lakh tonnes (a growth of 7.8 percent), with sales reaching 5.01 lakh tonnes (up 10.7 percent from CPLY), and completing exploratory drilling of 43,215 meters (an increase of 11.4 percent over CPLY), according to the Steel Ministry.
Ajit Kumar Saxena, the chairman and managing director of MOIL, commended the team for this outstanding achievement and encouraged their ongoing efforts to boost production and sales even amidst adverse weather.
In June, India's largest producer of manganese ore continued its upward trend, achieving record production of 1.68 lakh tonnes, a 2 percent rise from the same period last year.
The state-owned enterprise, which provides manganese ore vital for steel manufacturing, also reported its most successful Q1 exploratory core drilling of 34,900 meters, reflecting a robust 16.2 percent increase over the same quarter last year.
Previously, 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 in the same quarter of the previous financial year.
Revenue from operations for this quarter stood at Rs 433.4 crore, marking a 4.2 percent increase from Rs 415.9 crore a year prior.
Operational performance remained stable, with EBITDA rising 8.7 percent year-on-year to Rs 139.4 crore. The EBITDA margin expanded to 32.2 percent from 30.9 percent in the previous year, highlighting improved cost management and stable pricing.
The board of MOIL has also sanctioned an interim dividend of Rs. 4.02 per share for the financial year 2024-25 during the Q3 results announcement, reflecting a 15 percent increase over last year’s interim dividend of Rs. 3.50 per share.
Point of View
It's essential to recognize MOIL's significant contributions to the mining sector and its unwavering commitment to operational excellence. The company's ability to achieve record production figures despite unfavorable weather highlights its resilience and strategic planning. MOIL's performance not only supports the steel industry but also strengthens national economic stability, showcasing a robust public sector undertaking.
NationPress
05/09/2025
Frequently Asked Questions
What is MOIL's manganese ore production for July 2025?
MOIL achieved manganese ore production of 1.45 lakh tonnes in July 2025.
How much did MOIL's production grow compared to last year?
The production growth was 12 percent compared to the corresponding period last year.
What challenges did MOIL face during this period?
MOIL faced adverse weather conditions, including heavy rainfall, yet maintained strong operational performance.
What were MOIL's sales figures for the same period?
Sales reached 5.01 lakh tonnes, indicating a 10.7 percent increase from the previous year.
What is the significance of the manganese ore produced by MOIL?
The manganese ore is a crucial input for steel manufacturing, highlighting MOIL's importance to the industry.
