MOIL registers Best August production

With best ever August production of 1.24 lakh tonnes in August, 2024, MOIL sustained its performance momentum. It has achieved production of 7.24 lakh tonne during first five months of the current financial year (April to August 2024), registering a growth of 7% over CPLY.

The Company has achieved sales of 5.92 lakh tonnes during AprilAugust 2024, which is almost at the same level of last year. This is despite challenging market conditions and high international price volatility over the past few months.

Revenue from operations has increased by about 11% during April-August, 2024 over CPLY.

Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 46,585 meters upto August, 2024 which is 1.6 times than the previous year.

Shares of MOIL Limited was last trading in BSE at Rs. 388.25 as compared to the previous close of Rs. 382.25. The total number of shares traded during the day was 45142 in over 1236 trades.

The stock hit an intraday high of Rs. 390.95 and intraday low of 383.00. The net turnover during the day was Rs. 17521198.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining August2024 Production