November 23, 2024 14:20 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
MOIL registers highest manganese ore production of 4.36 lakh MT

MOIL registers highest manganese ore production of 4.36 lakh MT

| @indiablooms | 03 Jul 2023, 09:54 pm

New Delhi: MOIL has achieved its best ever quarterly manganese ore production of 4.36 lakh MT in the first quarter of FY24, registering a substantial growth of 35% over the corresponding period last year (CPLY).

Production of 1.5 lakh MT in the month of June is also its best ever production for any June month, since inception.

On the sales front, MOIL has also recorded its best ever first quarter sales performance and registered sales of 3.96 lakh MT in the first quarter of the current financial year, with a growth of 39% percent over CPLY.

Continuing its thrust on exploration activities, MOIL has carried out its best ever quarterly exploratory core drilling of 20,086 metres in the first quarter of FY’24, which is 3.8 times that of CPLY.

This will not only form the basis of enhanced production from its existing mines but will also provide the foundation for opening new Manganese mines in the country.

MOIL has also recorded the highest production of Electrolytic Manganese Dioxide (EMD) during this quarter.

EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.

MOIL CMD Ajit Kumar Saxena congratulated the team for the performance and the spirit demonstrated to perform as per the clarion call of ‘making each month March’.

He further expressed confidence that MOIL will continue to work towards the stretch goals fixed for the year.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.