MOIL Ltd reported a 1% YoY rise in manganese ore production for November and a 3% YoY increase in sales volumes, reaching 1.37 LMT. The growth reflects strong demand from steel and alloy industries, highlighting MOIL’s operational efficiency and its critical role in India’s industrial supply chain.
MOIL Ltd, the state-owned manganese ore producer, has reported a 1% year-on-year increase in production for November, alongside a 3% YoY growth in sales volumes, which reached 1.37 lakh metric tonnes (LMT). The performance highlights MOIL’s resilience and steady demand for manganese in India’s industrial ecosystem.
Key Highlights
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Production Growth: November output rose 1% compared to the same month last year, reflecting operational stability.
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Sales Performance: Sales volumes reached 1.37 LMT, marking a 3% YoY increase, driven by strong demand from steel and alloy industries.
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Market Context: Manganese ore remains a critical raw material for steelmaking, and MOIL’s consistent supply supports India’s infrastructure and manufacturing growth.
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Operational Efficiency: The company’s ability to sustain production growth amid market fluctuations underscores its robust mining and distribution capabilities.
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Future Outlook: Analysts expect continued demand for manganese ore, with MOIL positioned to benefit from India’s infrastructure push and global commodity trends.
This performance reinforces MOIL’s role as a key contributor to India’s industrial supply chain, ensuring reliable raw material availability for core sectors.
Sources: Reuters (RTRS), Exchange Filings