MOIL registers record production in December

Tags: Economy/Finance National News

MOIL has registered its best December production of 1,41,321 tonnes of manganese ore in December, 2022. 

Important facts

  • 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%.

About MOIL

  • 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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