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Key Points

MOIL, India's leading manganese ore producer, achieved remarkable growth with an 18% increase in production for May, reaching a record 1.71 lakh tonnes. This performance exemplifies the company's operational efficiency and strategic resource expansion, as demonstrated by the 17.5% rise in exploratory drilling. Under CMD Ajit Kumar Saxena’s leadership, MOIL has consistently enhanced its performance, showcasing disciplined operations and exceptional practices. With robust financial outcomes and improved profitability, MOIL's results underscore a promising outlook for the financial year 2025-26.

Key Points: MOIL Achieves Record May Manganese Ore Production Growth

  • MOIL records 1.71 lakh tonnes in May
  • Marks highest-ever May production
  • Exploratory drilling advanced by 17.5%
  • CMD praises disciplined operations
2 min read

MOIL clocks 18 pc growth in manganese ore production in May

MOIL marks an 18% growth in May manganese ore output, hitting highest-ever production figures.

"Our mines are the backbone of MOIL’s success. - Ajit Kumar Saxena, CMD MOIL"

New Delhi, June 3

MOIL, a miniratna government manganese ore mining company, on Tuesday said it has registered highest-ever May performance, reflecting strong operational momentum.

The company recorded 1.71 lakh tonnes of manganese ore production in May, registering an impressive 18 per cent growth over the corresponding period last year.

This marks the highest-ever production for the month of May and the fourth-highest monthly production since inception.

Additionally, exploratory core drilling touched 13,352 meters, reflecting a 17.5 per cent increase over the corresponding period last year -- reaffirming MOIL’s strategic push in expanding resource potential, according to a statement by Ministry of Steel.

“Our mines are the backbone of MOIL’s success. With this performance, we have shown that disciplined operations and efficient practices can consistently break barriers,” said Ajit Kumar Saxena, CMD MOIL.

India's largest manganese ore producer, in a strong start to the financial year 2025-26, delivered its highest-ever April performance with the production of 1.62 lakh tonnes of ore.

The government-owned company, which supplies manganese ore as an input for making steel, also achieved its best ever exploratory core drilling of 11,453 metres in April, which is an impressive growth of 58 per cent over the corresponding figure for the same month last year.

MOIL reported a 27 per cent increase in consolidated net profit to Rs 115.7 crore for the January-March quarter of the financial year 2024-25, compared to Rs 91.1 crore in the corresponding quarter of the previous financial year.

Revenue from operations during the quarter came in at Rs 433.4 crore, registering a 4.2 per cent increase from Rs 415.9 crore a year ago.

Operational performance remained stable, with EBITDA rising 8.7 per cent on-year to Rs 139.4 crore. EBITDA margin expanded to 32.2 per cent from 30.9 per cent in the year-ago period, reflecting improved cost control and firm pricing.

- IANS

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Reader Comments

R
Rajesh K.
Great news for our mining sector! 🇮🇳 MOIL's performance shows how PSUs can be efficient when managed well. Hope this translates to more jobs in mining regions like Nagpur and Balaghat. Steel industry will benefit too.
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Priya M.
Impressive numbers but I hope MOIL is also investing in sustainable mining practices. We can't ignore environmental costs while celebrating production records. The 17.5% drilling increase worries me - are they doing proper ecological assessments?
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Amit S.
32.2% EBITDA margin is outstanding for a PSU! Shows what happens when govt companies get professional management. Now if they can share some profits with local communities through CSR, it would be perfect.
S
Sunita R.
As someone from MP, I've seen MOIL mines firsthand. While production is good, they must improve worker safety standards. Many laborers still work in tough conditions. Growth should be inclusive for ground staff too.
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Vikram J.
This is why we need to support Indian PSUs! While private companies focus on exports, MOIL ensures domestic steel industry gets quality manganese ore. Atmanirbhar Bharat in action 💪
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Neha T.
Good performance but MOIL should diversify beyond just manganese. With EV revolution coming, demand for lithium/cobalt will rise. Why not use their mining expertise to secure other critical minerals for India?

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