Tuesday 23rd April 2024

Fueling Growth and Profitability! MOIL

Feb 3rd, 2023 7:32 pm | By | Category: LATEST NEWS

MOIL Reports 55% Increase in Q3 Profit, Production Rises by 40% and Sales Soar by 44%, Interim Dividend Declared of Rs. 3 per Share

MOIL’s financial results for the quarter and nine months:
During the nine months, the production has increased by 5% from 8.57 to 9.00 lakh tonnes despite the extended rainy season up to the beginning of the third quarter.
• Production of Manganese Increased to 3.37 Lakh Tonnes from 241 Lakh Tonnes.
• The company has an ambitious vision of almost doubling its production to 3.00 million tonnes by 2030.
• Other than eleven operating mines in the States of Maharashtra and Madhya Pradesh, MOIL is also exploring business opportunities in the States of Gujarat, Rajasthan, and Odisha besides other areas in the State of Madhya Pradesh.

(Source https://twitter.com/SteelMinIndia/status/1621471059819241474?t=ho3_lRbK184ikf57ChUyGg&s=09)

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