MOIL Achieves Record Q3 Performance with Highest Production and Sales In Nagpur
Nagpur, India: MOIL Limited has achieved its highest ever performance for the October-December quarter (Q3) of 2024. This includes a record production of 4.6 lakh tonnes of manganese ore, marking the best Q3 production in the company’s history.
The best ever Q3 sales of 3.88 lakh tonnes represent a 13% increase compared to the same period last year (CPLY).
During the April-December 2024 period, MOIL achieved a production of 13.3 lakh tonnes, which is approximately 4.5% higher compared to the same period last year (CPLY).
The sales of 11.39 lakh tonnes represent a 4% increase compared to the same period last year (CPLY). Additionally, the exploratory core drilling of 72,340 meters is 19% higher than the corresponding period last year (CPLY).
With this performance, MOIL is set to exceed its highest ever Q3 revenue. Ajit Kumar Saxena, the CMD of MOIL, expressed satisfaction with the results and is confident that the company will continue to maintain its growth momentum.
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