(THE NEWSMAN OF INDIA.COM)
MOIL (Manganese Ore India Limited) has reported a remarkable performance for the October-December 2024 quarter, achieving its best-ever Q3 results. The company produced 4.6 lakh tonnes of manganese ore, marking the highest Q3 production to date. Sales for the period also saw significant growth, reaching 3.88 lakh tonnes, an impressive 13% increase compared to the same period last year.

For the nine-month period from April to December 2024, MOIL continued to show robust growth. The company produced 13.3 lakh tonnes of manganese ore, which is an increase of about 4.5% over the corresponding period last year. Sales during this period totaled 11.39 lakh tonnes, reflecting a 4% growth over the previous year.

Additionally, MOIL made significant progress in its exploration efforts, conducting 72,340 meters of exploratory core drilling, which represents a 19% rise over the previous year.

Ajit Kumar Saxena, Chairman and Managing Director of MOIL, expressed his satisfaction with the company’s performance, emphasizing the growth momentum and the likelihood of surpassing their previous record revenue for Q3. He also reaffirmed the company’s commitment to maintaining this positive trajectory in the coming quarters.