BAJAJ BROKING
MOIL recorded its best-ever October production, achieving 1.47 lakh tonnes of manganese ore, a 32% increase YoY. Total FY25 production so far reached 10.17 lakh tonnes, boosting MOIL share price.
MOIL Ltd., India’s largest manganese ore producer, marked an impressive production achievement in October 2024 with a 32% year-on-year increase, producing a record-breaking 1.47 lakh tonnes of manganese ore. This surge reflects the company’s strongest October production since its inception, reinforcing MOIL's significant position in the industry and contributing positively to the MOIL share price.
October production reached 1.47 lakh tonnes, marking a 32% year-on-year growth.
Cumulative FY25 production for the first seven months hit 10.17 lakh tonnes, up by 10%.
October sales also surged, achieving a record 1.06 lakh tonnes, a 21% increase YoY.
Exploration drilling reached 57,071 metres, up 1.4 times compared to last year.
Also read: Tata Power Partners with Noida Airport for ₹550 Cr Renewable Energy Project.
In a strong production month, MOIL recorded 1.47 lakh tonnes of manganese ore in October 2024. Alongside this record production, MOIL registered a remarkable increase in sales for October, with a total of 1.06 lakh tonnes sold—a 21% year-on-year growth. This boost in both production and sales is a positive development for MOIL’s fiscal progress and could provide upward momentum for the MOIL share price.
For the first seven months of the financial year 2025, MOIL’s total manganese ore production reached 10.17 lakh tonnes, representing a 10% increase over the same period last year. This performance indicates MOIL’s strong operational efficiency and its potential for sustained growth in the remaining months of FY25.
Also read: Mahindra & Mahindra Raises Fy25 Tractor Growth Forecast Amid Strong Q2 Results.
MOIL’s strategic focus on expanding its resource base has led to an uptick in exploration activities. Between April and October 2024, the company completed 57,071 metres of core drilling, a significant increase from the previous year’s figure. This exploration growth not only enhances resource availability but also strengthens MOIL’s production capacity, likely reinforcing the MOIL share price outlook.
Metrics | Values |
Manganese Ore Production | 1.47 lakh tonnes |
Production Growth (YoY) | 32% |
October Sales | 1.06 lakh tonnes |
Sales Growth (YoY) | 21% |
FY25 Total Production (Apr-Oct) | 10.17 lakh tonnes |
Exploration Drilling (Apr-Oct) | 57,071 metres |
Also read: Fed Cuts Rate by 25 Bps to 4.5-4.75% to Support Cooling Economy.
The consistent increase in production and exploration reflects MOIL’s robust strategy to maintain and grow its leadership in the manganese ore sector. As the company continues to improve operational efficiencies and expand exploration, these developments are expected to positively impact the MOIL share price. The strengthened production figures and record sales underscore MOIL's resilience and potential for further growth.
MOIL’s record production and expanding exploration activities reinforce its industry standing. With ongoing advancements, the MOIL share price is likely to benefit, highlighting the company’s commitment to sustainable growth and sector leadership.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Solar Industries Secures ₹2,039 Crore Export Order for Defence Products
03 Dec, 2024 | 2 Min. read
Protean eGov Technologies Secures ₹161 Crore CERSAI Project for CKYCRR 2.0
03 Dec, 2024 | 2 Min. read
Torrent Power to Raise ₹5,000 Crore via QIP at ₹1,503 Per Share
03 Dec, 2024 | 2 Min. read
CA Dawn to Sell 2.9% Stake in Indegene at ₹615 Per Share
03 Dec, 2024 | 2 Min. read
Commodities Market Today | Crude Oil Rises 0.3%, Gold Falls 0.8%, Silver Down 0.5%
03 Dec, 2024 | 1 Min. read
Share Market Today | Gift Nifty Indicates Flat Start; Markets May Consolidate
03 Dec, 2024 | 4 Min. read
Gold Rate Today | Gold Drops 0.8% to $2,661, Silver Falls 0.5% to $30.94
03 Dec, 2024 | 2 Min. read
How to Apply for Nisus Finance IPO & Check Allotment Status?
03 Dec, 2024 | 3 Min. read
Know Nisus Finance Services IPO Objective & Applying Process
03 Dec, 2024 | 4 Min. read
Top Ethanol Stocks in India as per Market Cap
03 Dec, 2024 | 4 Min. read
Know Emerald Tyre Manufacturers IPO Objective & Applying Process
03 Dec, 2024 | 4 Min. read
How to Apply for Emerald Tyre IPO & Check Allotment Status?
03 Dec, 2024 | 3 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading