MOIL has created history by achieving best ever 6-monthly performance during April-September, 2023. Production of Manganese ore jumped to 8.15 lakh MT in the first half of FY’24, registering a growth of 45% over corresponding period last year (CPLY).
Production of 1.35 lakh MT in September is best ever production in September since inception.
On sales front also, best ever 6-monthly performance of 7.57 lakh MT was registered from April-September 2023, with a remarkable growth of 54% percent over CPLY. Sales of 1.56 lakh MT in September, 2023 has also been impressive, with a growth of 60% y-o-y.
MOIL had also recorded the highest ever production of Electrolytic Manganese Dioxide (EMD) during the first half of the current year, growing at 26% y-o-y.
EMD is a 100% import substitution product, used mostly in pharmaceuticals and Lithium-Ion battery manufacturing.
MOIL had also completed 34,684 meters of exploratory core drilling during April-September, 2023, which is more than three times of CPLY.