The Board of Directors of MOIL approved financial results for the second quarter and half year ended of FY’2023-24 in its meeting held on Wednesday. MOIL achieved best ever second quarter manganese ore production and sales with a growth of 57 per cent and 75 per cent respectively. It also achieved best ever six-monthly production at 8.15 lakh tonnes registering a significant growth of 45 per cent over corresponding period last year (CPLY) and recorded best ever six-monthly sales performance at 7.57 lakh tonnes in the first half of year of the current financial year, with a growth of 54 per cent over CPLY.

 

MOIL’s revenue from operation during the first half of FY’24 was at Rs 727 crore which was 19 per cent higher over CPLY. Ajit Kumar Saxena, CMD - MOIL, congratulated team MOIL for the stellar performance and reposed full confidence that improved levels of performance will be maintained.