Archive · 5 Nov 2025
MOIL Achieves Record October Production, Boosts Exploration Efforts
MOIL, a big company that mines manganese, had its best October ever, producing a lot of ore!
They also found more potential manganese.
This is good news because it means they are growing and finding new ways to get even more manganese in the future.
The company is also sharing its success by giving shareholders more money.
They are investing in new projects to make sure they can keep mining for a long time.
MOIL is a government-owned company that plays an important role in providing this essential mineral.
They operate mines in different parts of India and are working hard to achieve even better results.
MOIL recorded its highest-ever October production, reaching 1.6 lakh tonnes, a 9.1% increase year-over-year.
The company achieved a cumulative production of 11.04 lakh tonnes in the first seven months of FY26, marking an 8.5% growth.
MOIL's exploratory core drilling reached a record 57,275 meters between April and October 2025.
The MOIL Board approved an interim dividend of Rs. 4.02 per share for FY 2024-25, a 15% rise from the previous year.
Five new shaft sinking projects, valued at approximately Rs. 886 crore, have been approved to support future production levels.
- Who
- MOIL (Manganese Ore (India) Limited), India's largest manganese ore producer.
- What
- Achieved its highest-ever October production and significant growth in exploration and overall production for the fiscal year.
- When
- October and the first seven months of FY26 (April-October 2025).
- Where
- Mines located in Nagpur and Bhandara districts of Maharashtra, and Balaghat district of Madhya Pradesh.
- Why
- Continued robust growth trajectory, strong focus on exploration, and strategic investments in shaft sinking projects to sustain and increase production.
- Company
- MOIL (Manganese Ore (India) Limited)
- Primary Product
- Manganese Ore
- October Production
- 1.6 lakh tonnes (9.1% growth YoY)
- April-October Production
- 11.04 lakh tonnes (8.5% growth YoY)
- Exploratory Core Drilling (April-October)
- 57,275 meters (highest ever)
- Interim Dividend (FY 2024-25)
- Rs. 4.02 per share (15% increase YoY)
- Shaft Sinking Projects
- 5 projects worth approx. Rs. 886 crore