MOIL, a Miniratna CPSE under the Ministry of Steel, has registered the best December production of 1,41,321 tonnes of manganese ore in December 2022. Producing at its rated capacity level, production increase has been to an extent of 18% over November 2022.
Sales at 1,64,235 tonnes for the month has also been spectacular, with a growth of around 91% over November 2022.
Ajit Kumar Saxena, CMD MOIL, who has taken charge as CMD on 29th December 2022, shared that it is heartening to see MOIL team coming together to register such a performance and expressed confidence that the same will be continued.
MOIL is the largest producer of manganese ore in the country, with a market share of approximately 45%. The company has an ambitious vision of almost doubling its production to 3 million tonnes by 2030.
