MOIL Achieves Record Production-Sales in Jan. 2025, Demonstrating Robust Growth
Feb 1st, 2025 7:49 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS
(THE NEWSMAN OF INDIA.COM)
In a remarkable achievement, MOIL (Manganese Ore India Limited) has recorded its highest-ever production and sales for January in FY 2025, underscoring the company’s exceptional operational performance and growth trajectory. The company’s performance not only sets a new benchmark for the month of January but also signals strong future prospects as it continues to expand its market footprint.
Key Highlights of MOIL’s Performance in January 2025:
Record Manganese Ore Production:MOIL achieved an all-time high in manganese ore production for January, with 1.6 lakh tonnes produced. This marks a significant achievement in the company’s operational capabilities and a clear indication of its robust production capacity.
Best-Ever Sales Performance: The sales figures for January also saw an impressive rise, reaching 1.57 lakh tonnes, a 17% increase over the corresponding period last year (CPLY). This growth reflects the company’s strong market presence and demand for its products.
– Exploratory Core Drilling: In addition to production and sales, MOIL conducted exploratory core drilling activities over 11,099 meters, a 10% increase compared to the same period last year. This reflects the company’s ongoing efforts to enhance its resource base and ensure sustainable growth.
Best-Ever Performance from April to January FY 2025:
The positive momentum continued throughout the first ten months of FY 2025, with MOIL registering impressive figures for the April–January period as well:
– Total Production: MOIL achieved a total production of 14.9 lakh tonnes during this period, marking a 4% increase compared to CPLY. This reflects both the company’s improved efficiency and its capacity to meet growing demand.
– Total Sales:With total sales reaching 12.96 lakh tonnes, MOIL recorded a 5% year-on-year increase, further cementing its market leadership in the manganese ore industry.
– Exploratory Core Drilling: The company’s commitment to expanding its resource base is evident in its exploratory core drilling activities, which reached 83,439 meters, a significant 17.6% higher than the same period in the previous year.
Leadership’s Perspective:
Ajit Kumar Saxena, Chairman and Managing Director (CMD) of MOIL, expressed his satisfaction with the company’s performance, stating, “This remarkable achievement reflects MOIL’s commitment to operational excellence and growth. We are confident that the company will continue its upward trajectory and maintain the momentum in the coming months.” His statement underscores the company’s optimism and strategic vision for future growth.
Looking Ahead:
The outstanding results achieved by MOIL in January 2025 and the April–January period reaffirm the company’s role as a leader in the manganese ore industry. With continuous improvement in production, sales, and resource exploration, MOIL is well-positioned to continue its growth and maintain its competitive edge in the market.
As MOIL looks toward the future, the company’s focus on operational efficiency, expansion of its resource base, and market responsiveness will be key drivers of continued success in the coming months. This performance is a clear indicator that MOIL is on the path to achieving even greater milestones in the years ahead.