New Delhi: With a production of 1.31 lakh tonnes of manganese ore in April, 2023, MOIL has registered the best April production performance since inception, with a significant growth of 26 per cent over April last year.
Breaking a multi-year record, sales at 97,838 tonnes for the month has also been best for any April month and 72 per cent higher than April, 2022. Giving utmost thrust to exploration, MOIL achieved core drilling of 7,530 metres in April 2023, which is 3.6 times that of April, 2022.
The company has made an ambitious plan of carrying out exploration in brown-field and green-field areas during FY’24. Production of electrolytic manganese dioxide (EMD) has also been best for any April month, higher by 6 per cent than April, 2022. EMD is a 100 per cent import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.
Ajit Kumar Saxena, CMD, congratulated MOIL collective on these achievements and reposed confidence of continuing the growth trajectory in the coming times.
MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of the Ministry of Steel, Government of India. MOIL is the largest producer of manganese ore in the country, contributing nearly 45 per cent of the domestic production. It operates eleven mines in the state of Maharashtra and Madhya Pradesh.
The company has an ambitious vision of more than doubling its production to three million tonnes by 2030. MOIL is also exploring business opportunities in Gujarat, Rajasthan, Chhattisgarh and Odisha, besides other areas in Madhya Pradesh. /BI/
