MOIL Records Best-Ever April Performance, Kicks Off FY’26 on a High Note

0
11
MOIL
MOIL

In a strong start to the financial year 2025-26 (FY’26), MOIL Limited has achieved its highest-ever performance for the month of April, underlining its unwavering focus on operational excellence and sustainable growth.

The state-owned manganese ore producer reported a record-breaking production of 1.62 lakh tonnes of manganese (Mn) ore in April 2025, marking a 1.5% increase compared to the corresponding period last year (CPLY). This milestone reflects MOIL’s robust production strategy and improved efficiency across its mining operations.

In addition to production, MOIL also posted a significant rise in its exploration activities. The company achieved 11,453 meters of exploratory core drilling in April alone, registering an impressive 58% growth over the same period last year. This surge in exploration efforts is aimed at strengthening the company’s resource base and ensuring long-term sustainability of operations.

Commenting on the development, Shri Ajit Kumar Saxena, Chairman and Managing Director of MOIL, said, “MOIL’s April performance sets a positive tone for the year ahead. The organization remains committed to sustained growth and value creation.”

The strong April results signal MOIL’s strategic intent to build on its core strengths, drive innovation in mining practices, and expand its footprint in the manganese sector. The performance is also expected to boost investor confidence as the company continues to play a vital role in India’s mineral security and industrial development.

With a solid start to FY’26, MOIL is well-positioned to maintain its growth trajectory and contribute meaningfully to the country’s resource self-reliance goals.