MOIL registers record production in December
MOIL has registered its best December production of 1,41,321 tonnes of manganese ore in December, 2022.
MOIL has registered an increase of 18 percent in production as compared to November 2022.
Along with this, sales of 1,64,235 tonnes have also been done for the month of December with an increase of about 91 percent as compared to November 2022.
Besides this, the company has increased prices in an effective range of 2.7-15%.
It is a Schedule-A, Miniratna category-1 Company under the administrative control of the Ministry of Steel, Government of India.
It is the largest producer of manganese ore in the country with about 45% market share, operating eleven mines in the states of Maharashtra and Madhya Pradesh.
The company aims to almost double its production to 3 million tonnes by 2030.
It is also looking for business opportunities in the state of Gujarat, Rajasthan and Odisha apart from other regions of the state of Madhya Pradesh.
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