MOIL registers spectacular performance in April 2023

0
449
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% over April 2022.
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% over April 2022.
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:1 Minute, 24 Second

MOIL registers spectacular performance in April 2023

‘Best April’ production and sales achieved

By PIB 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% over April 2022.

Breaking a multi-year record, sales at 97,838 tonnes for the month have also been the best for any April month and 72 percent 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 the best for any April month, higher by 6% than in April 2022. EMD is a 100% import substitution product, used mostly for pharmaceuticals and the manufacturing of batteries.

Shri Ajit Kumar Saxena, CMD, congratulated the MOIL collective on these achievements and reposed confidence in 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 ~45% 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 3.00 million tonnes by 2030. MOIL is also exploring business opportunities in the States of Gujarat, Rajasthan, Chhatisgarh, and Odisha, besides other areas in the State of Madhya Pradesh.

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Advertisements

USD





LEAVE A REPLY

Please enter your comment!
Please enter your name here