Team Blitz India
NEW DELHI: Maintaining the production tempo, MOIL on July 3 achieved its best-ever quarterly manganese ore production of 4.36 lakh MT in the first quarter of FY’24. In the process, MOIL registered a substantial growth of 35% over the corresponding period last year (CPLY). production of 1.5 lakh MT in the month of June is also its best ever production for any June month, since inception.
On the sales front, MOIL has also recorded its 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 its best ever quarterly exploratory core drillingin the first quarter of FY’24, which is 3.8 times that of CPLY. This will not only form the basis of enhanced production from its existing mines but will also provide the foundation for opening new Manganese mines in the country.
MOIL has also recorded the highest production of Electrolytic Manganese Dioxide (EMD) during this quarter. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.
