MOIL records best ever high grade production and sales of manganese ore in FY'22

FY 2021-22 has been one of the best years of performance in the history of MOIL as its turnover has almost touched the highest-ever achieved so far in FY 2018-19.

Total turnover of the company has been ~ Rs. 1436 crores in FY 2021-22 (provisional) registering growth of ~22% in comparison to previous year's turnover of Rs. 1177 crores and is marginally lower than the highest-ever achievement of Rs. 1441 crores in FY 2018-19.

Despite adverse impact of second and third wave of Covid-19 affecting the operational activities of the Company for almost two months, MOIL has recorded the above performance. High grade ore production (6.53 lakh MT) and sales (6.65 lakh MT) is also at the highest level. This performance is the result of better product planning, marketing strategy and, most important, efforts put in by employees at all levels.

MOIL has achieved production of 12.31 lakh MT in FY 2021-22 as against 11.43 lakh MT in last year, an increase of ~ 8%. Total sales have increased by ~ 6% to 12.12 lakh MT as against 11.43 lakh MT during these periods.

Shares of MOIL Limited was last trading in BSE at Rs. 189.55 as compared to the previous close of Rs. 184.45. The total number of shares traded during the day was 109719 in over 2885 trades.

The stock hit an intraday high of Rs. 195.00 and intraday low of 185.10. The net turnover during the day was Rs. 20901253.00.

Source : Equity Bulls

Keywords

MOILLimited INE490G01020 Mining ManganeseOre FY2022