MOIL has recorded production of 1.63 lakh tonnes of Manganese Ore in November, 2024, which is the best November performance since inception. During first eight months of FY`25, the company has recorded production of 11.80 lakh tonnes, which is higher by 8.46% over corresponding period last year (CPLY).On the sales front also, the company has achieved best ever November sales of 1.33 lakh tonnes, higher by 32% over CPLY. During first eight months of FY25, the company has registered sales of 9.90 lakh tonnes, which is higher by 4.76% over CPLY.The company has surpassed a turnover of Rs. 1,000 crore within 8 months of FY`25, achieving this milestone over a month earlier than last year.Continuing utmost thrust to exploration, MOIL has carried out exploratory core drilling of 63,654 meters during April-November, 2024, which is 1.28 times over CPLY. Powered by Capital Market - Live News

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