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Maintaining the production tempo, MOIL has achieved best ever quarterly manganese ore production of 4.36 lakh MT in the first quarter of FY'24, registering a substantial growth of 35% over corresponding period last year (CPLY). Production of 1.5 lakh MT in June month is also best ever production of any June month since inception.

At sales front, MOIL has recorded best ever first quarter sales performance and registered sales of 3.96 lakh MT in the first quarter of the current financial year, with a growth of 39% percent over CPLY.

Continuing its thrust on exploration activities, MOIL has carried out best ever quarterly exploratory core drilling of 20,086 metres in the first quarter of FY'24, which is 3.8 times during CPLY. This will not only form the basis of enhanced production from its existing mines but will also be the foundation of opening new Manganese mines in the country.

MOIL has also recorded highest production of Electrolytic Manganese Dioxide (EMD) during the quarter. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.

Shri Ajit Kumar Saxena, CMD MOIL, congratulated MOIL collective on this thumping performance and the spirit demonstrated to perform as per the clarion call of 'making each month March'. He further reposed confidence that the company will continue to work towards the stretch goals fixed for the year.

Shares of MOIL Limited was last trading in BSE at Rs. 162.40 as compared to the previous close of Rs. 161.85. The total number of shares traded during the day was 24229 in over 655 trades.

The stock hit an intraday high of Rs. 162.85 and intraday low of 160.50. The net turnover during the day was Rs. 3916208.00.

• [Editor:倪駿豪]