MOIL registers best Septproduction and sales
   Date :10-Oct-2024

MOIL registers
 
Business Reporter :
 
Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 50,222 metres up to September, 2024 which is 1.4 times more than the previous year 
 
MOIL continued its growth momentum with best ever September production of 1.46 lakh tonne in September, 2024. MOIL has achieved production of 8.70 lakh tonne during first six months of the current financial year (April to September 2024), registering a growth of 7 per cent over corresponding period last year (CPLY). The company has also achieved best September sales of 1.59 lakh tonnes inSeptember, 2024. Sales of 7.51lakh tonnes during AprilSeptember 2024, is almost at the same level as that duringcorresponding period last year, despite challenging marketconditions.
 
Giving utmost thrust toexploration, MOIL has carriedout exploratory core drilling of 50,222 metres up to September, 2024 which is 1.4 times thanthe previous year. Ajit Kumar Saxena, Chairman cum ManagingDirector (CMD) 0f MOIL, mentioned that in spite of continued rainfall, the upward trendin production during first sixmonths has been heartening, informs a press release. He further mentioned that MOIL team is geared up toachieve higher levels of production and sales in the coming months. MOIL is one of theleading public sector units(PSUs) in the country.