MOIL is the country's largest producer of manganese ore with a market share of 45 per cent, operating eleven mines in the state of Maharashtra and Madhya Pradesh.
State-owned mining company MOIL has achieved its best-ever quarterly manganese ore production of 4.36 lakh tonne in April-June 2023 quarter. It is an increase of 35 per cent over the year-ago period.
MOIL Limited is a Schedule-A, Miniratna category-1 CPSE under the administrative control of the Ministry of Steel, Government of India. It is the largest producer of manganese ore in the country with a market share of 45 per cent, operating eleven mines in the State of Maharashtra and Madhya
In FY23, the company made profit before tax (PBT) and profit after tax (PAT) of Rs 334.45 crores and Rs 250.59 crore, respectively, which has come down by 39 per cent and 38 per cent respectively.
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The largest manganese-producing company in the country said its PAT grew 45 per cent quarter-on-quarter to Rs 39.52 crore against the PAT incurred in Q2.