Shri Prashant Vashishtha and CA Dinesh Kumar Gupta, Independent Directors of MOIL have ceased w.e.f. 1 November 2024 on completion of tenure.Powered by Capital Market - Live News

Net profit of MOIL declined 18.79% to Rs 49.96 crore in the quarter ended September 2024 as against Rs 61.52 crore during the previous quarter ended September 2023. Sales declined 16.01% to Rs 291.89 crore in the quarter ended September 2024 as against Rs 347.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales291.89347.53 -16 OPM %27.1327.71 - PBDT105.97116.79 -9 PBT68.1681.57 -16 NP49.9661.52 -19 Powered by Capital Market - Live News

MOIL will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live News

With best ever September production of 1.46 lakh tonnes in September, 2024, MOIL continued its growth momentum. It 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% over CPLY. The Company has also achieved Best September sales of 1.59 lakh tonnes in September, 2024. Sales of 7.51 lakh tonnes during April-September 2024, is almost at the same level as that during corresponding period last year, despite challenging market conditions.Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 50,222 meters upto September, 2024 which is 1.4 times than the previous year. Powered by Capital Market - Live News

MOIL announced that the 62th Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live News