MOIL Records 10% Jump In Production In Feburary’23
The PSU operates eleven mines in the state of Maharashtra and Madhya Pradesh
With a production of 1.31 lakh tonnes of Manganese (Mn) Ore in February, 2023, MOIL has registered 10% growth over the same period last year. Sales at 1.32 lakh tonnes of manganese ore during February, 2023 was higher by 19% vis-à-vis February, 2022.
Shri Ajit Kumar Saxena, CMD MOIL, congratulated MOIL collective on maintaining upward trend in production and mentioned that it is fully geared up for much higher production level in coming months.
MOIL Limited is a Schedule-A, Mini-ratna Category-I CPSU under the administrative control of 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 ambitious vision of more than doubling its production to 3.00 million tonnes by 2030. MOIL is also exploring business opportunities in the State of Gujarat, Rajasthan, Chhattisgarh and Odisha, besides other areas in the State of Madhya Pradesh.