MOIL’s recently announced financial results for FY’25 mark a significant milestone in the company’s history. Surpassing all previous records, the organization has delivered its best financial year performance to date. This achievement is a testament to a confluence of factors, likely encompassing strategic operational efficiencies, favorable market conditions, and effective resource management.
MOIL has recorded its best-ever financial year performance in FY’25, achieving remarkable milestones across key performance indicators:
- Record manganese ore production: 18.02 lakh tonnes, 2.7% higher y-o-y.
- Record manganese ore sales: 15.87 lakh tonnes, registering a growth of 3.3% y-o-y.
- Record Ferro manganese production: 12000 MT, 18% higher y-o-y.
- Exploratory core drilling: 1,07,530 meters, marking a 22% growth over CPLY. This extensive exploration will serve as the foundation for expanding production from existing mines and the development of new manganese mines across the country.
Shri Ajit Kumar Saxena, CMD, MOIL, congratulated the entire MOIL workforce for this record performance and expressed confidence of higher growth momentum in the coming year.