MOIL Ltd - August production jumps 53% y-o-y

Continuing the momentum of high growth, MOIL produced 1.23 lakh tonnes of manganese ore in August 2023, delivering best August production since inception, registering a remarkable growth of 53% y-o-y. Cumulative production for the financial year up to August 2023 has been 6.79 lakh tonnes, which is 44% higher than y-o-y.

On the sales front too, performance has been spectacular with sales of 1.11 lakh tonnes for the month, which is more than double than August, 2022. For April-Aug, 2023 period, cumulative growth of 53% has been achieved.

CMD, Shri Ajit Kumar Saxena, once again congratulated team MOIL for their continued improvement in performance and reposed full confidence that improved levels of performance will be maintained.

Shares of MOIL Limited was last trading in BSE at Rs. 242.70 as compared to the previous close of Rs. 238.60. The total number of shares traded during the day was 185233 in over 3827 trades.

The stock hit an intraday high of Rs. 244.20 and intraday low of 235.40. The net turnover during the day was Rs. 44439960.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining August2023 ProductionVolume