MOIL Recorded best ever July production in July'23, Registers a growth of 71 % y-o-y

Despite the challenge of heavy rainfall, MOIL has been able to maintain its production tempo and achieved its highest-ever July production since inception in July 2023. With manganese ore production of 1.20 lakh tonnes during July, 2023, a remarkable growth of 71% has been registered compared to corresponding period last year (CPLY).

On sales front also, MOIL has achieved best-ever July sales of 0.94 lakh tonnes in July 2023, registering an impressive growth of 69% over CPLY.

CMD, Shri Ajit Kumar Saxena, once again congratulated MOIL collective for their achievements and expressed happiness over the sustained efforts being made to enhance production resulting in best July performance, despite adverse weather conditions.

Shares of MOIL Limited was last trading in BSE at Rs. 184.25 as compared to the previous close of Rs. 185.50. The total number of shares traded during the day was 21232 in over 701 trades.

The stock hit an intraday high of Rs. 189.00 and intraday low of 182.95. The net turnover during the day was Rs. 3925255.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining Production Sales July2023