MOIL in marching ahead towards its ambitious vision of almost tripling its production to 3.50 million MT by 2030

 

  • MOIL in marching ahead towards its ambitious vision of almost tripling its production to 3.50 million MT by 2030


  • During the financial year 2024-25, the company recorded its highest-ever Capex utilization at H 321.94 crore, compared to H 316.09 crore in the previous year. Considering on-going and upcoming projects, the Capex target for 2025-26 has been set at H 325 crore
  • Search for Manganese deposits and subsequent mining is one of the most promising initiatives by MOIL. 
  • This year, MOIL recorded highest ever exploration since inception and has stolen all the spotlight as tremendous increase in exploration meterage in-side and out-side Mining Leases of MOIL. 
  • The exploration has been completed in the state of Madhya Pradesh in order to this the two blocks Bhudkum Block of Chhindwara district and Selwa Block of Balaghat district are seems to be positive on the basis of exploration. 
  • This will facilitate opening of new manganese mines and thereby, enhance the production
  • During the financial year 2024-25, MOIL has completed 107530 mtrs. of exploratory drilling within and outside lease hold area, resulting addition of 16.07 million tons of resources. 
  • Total reserves and resources as on 31.03.2025 stand at 121.97 Million MT which includes 53.47 Million MT reserves and 68.50 Million MT resources
  • Production and productivity 
  • Company has achieved highest ever production of manganese ore since its inception at 18.03 lakhs tonnes, 2.67% higher than FY' 24. 
  • Output per man shift (OMS) at 1.533 MT (previous year 1.428 MT) has improved significantly during the year. 
  • Average annual productivity per manpower during FY 2024-25 was 343 MT (previous year 316 MT). 
  • MOIL achieved best ever production of Electrolytic Manganese Dioxide (EMD) at 1,350 MT during the FY 2024-25 and that of ferro manganese of 12,000 MT as against 10,163 MT in the previous year, i.e., higher by 18%.

Comments

Post a Comment

Popular posts from this blog

Transcript of NMDC Limited post Q4 & FY 2024-25 Results

Image
Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...
Read more

Looking to park some excess funds for the short term.?

Image
Looking to park some excess funds for the short term.  LiquidBeES by Nippon - has been the default choice for years. But lately, it’s become muscle memory to run everything past ChatGPT.  Just a quick: “Is there a better option than LiquidBeES?” It turns out, there is.  LIQUIDCASE by Zerodha AMC.  Difference was not subtle and decision was easier : - Expense ratio: Less than half of LiquidBeES - Net returns: ~6.2% vs ~5.7% (1-year annualized) - Same safety, same liquidity - AUM already >1/3rd of LiquidBeES in record time This is how discovery is changing. And this is how smart products go viral. Zerodha didn’t try to educate the market.  Discovery is no longer driven by ads or advisors.  It’s driven by habit, trust, and tools like ChatGPT. And when you get it right, traction follows fast. I won’t be surprised if LIQUIDCASE overtakes LiquidBeES in under 18 months. Thank you for contacting Rounaq! Please let us know how we can help you.  About me :...
Read more

𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚?

Image
  𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Whether you're living in the US, UAE, UK, or Singapore; India continues to be a hotspot for wealth creation. But why do so many NRIs still invest here? Here’s why 👇 ✅ Higher Returns – Indian equity markets, mutual funds, and even fixed deposits offer attractive long-term returns. ✅ Tax-Free Income – Interest from NRE and FCNR deposits is tax-free in India. Plus, DTAA helps avoid double taxation. ✅ Currency Edge – You invest in INR, and with the right timing, your gains in foreign currency terms could be even higher. ✅ Diversification – Indian assets like gold, real estate, and stocks add balance to a global portfolio. ✅ Future Ready – Planning to return to India someday? Build your base early with property or retirement-focused investments. ✅ Emotional Roots – Beyond numbers, India is still home. 💡 Whether it’s for wealth creation, retirement planning, or building assets back home, India offers a solid mix of growth + stability...
Read more