MOIL registers Best September production & sales

With best ever September production of 1.46 lakh tonnes in September, 2024, MOIL continued its growth momentum. It has achieved production of 8.70 lakh tonne during first six months of the current financial year (April to September 2024), registering a growth of 7% over CPLY.

The Company has also achieved Best September sales of 1.59 lakh tonnes in September, 2024. Sales of 7.51 lakh tonnes during April-September 2024, is almost at the same level as that during corresponding period last year, despite challenging market conditions.

Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 50,222 meters upto September, 2024 which is 1.4 times than the previous year.

Shri Ajit Kumar Saxena, CMD MOIL, mentioned that in spite of continued rainfall, the upward trend in production during first six months has been heartening. He further mentioned that MOIL team is geared up to achieve higher levels of production and sales in the coming months.

Shares of MOIL Limited was last trading in BSE at Rs. 361.60 as compared to the previous close of Rs. 386.25. The total number of shares traded during the day was 115527 in over 4946 trades.

The stock hit an intraday high of Rs. 391.15 and intraday low of 360.35. The net turnover during the day was Rs. 42763277.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining September2024