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MOIL Limited — Capital/Financing Update 2023
Nov 3, 2023
61480_rns_2023-11-03_0198f5bd-89bf-41b2-a5c7-fe6d6987c39e.pdf
Capital/Financing Update
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MOIL LIMITED
EkkW;y fyfeVsM ( Hkkjr ljdkj dk midze ) EkkW;y Hkou , 1, dkVksy jksM , ukxiqj - 440 013 ☎ : 0712-2806100, 2806182 /216 bZ esy : [email protected] osclkbZV : www.moil.nic.in VsyhQsDl : 0712-2591661 lh . vk; . ,u ua . : L99999MH1962GOI012398
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CS/NSE-BSE/2023-24/202
(A Government of India Enterprise) MOIL Bhavan, 1A, Katol Road, Nagpur – 440 013 ☎ : 0712-2806100, 2806182 /216 E-Mail : [email protected] Website: www.moil.nic.in Telefax: 0712-2591661 CIN No: L99999MH1962GOI012398
Date: 03.11.2023
To, The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot No.C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400053
To, Listing Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001
Sub: Press Release
Stock Code NSE – MOIL BSE - 533286
Dear Sir/Madam,
In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the press release titled “ MOIL achieves 45% production growth in Apr-Oct ’23” issued to the press.
This is for your kind information please.
Thanking you,
Yours faithfully / Hkonh;
For MOIL Limited/ d`Rks EkkW;Yk fYkfEkVsM
NEERAJ Digitally signed by NEERAJ DUTT DUTT PANDEY Date: 2023.11.03 PANDEY 13:20:49 +05'30'
Neeraj Dutt Pandey/ (Ukhjt nRr ik.Ms;) (Company Secretary & Compliance Officer)/ (dEiuh lfpOk lg vuqikyu vf/kdkjh)
MOIL achieves 45% production growth in Apr-Oct ’23
Sales higher by 57%
- Record calendar year production achieved in 10 months (Jan Oct)
MOIL’s production has surged to 9.26 lakh tonnes in the first seven months of FY23, registering a remarkable growth of 45% over CPLY. In October 23, the company achieved a production of 1.11 lakh MT, which is 48% higher y-o-y.
On the sales front, the company has achieved an impressive growth of 57% from April to October 2023 over CPLY. Particularly noteworthy is the sales performance in October 2023, which exhibited 86% year-on-year increase.
Furthermore, in the first ten months of the current calendar year itself, MOIL has achieved a record-breaking manganese ore production of 13.28 lakh tonnes, the highest ever in any calendar year since the company's inception.
Notably, MOIL has placed significant emphasis on exploration, surpassing the exploration levels achieved in the entirety of the previous fiscal year. Within the first seven months of FY'23, the company carried out exploratory core drilling of 41,837 meters, which is 2.7 times of CPLY.
CMD, Shri Ajit Kumar Saxena, once again congratulated team MOIL for their continued stellar performance and reposed full confidence that improved levels of performance will be maintained.
About MOIL: MOIL Limited is a Schedule-A, Miniratna Category-1 CPSE under the administrative control of Ministry of Steel, Government of India. MOIL is the largest producer of manganese ore in the country, contributing ~45% of the domestic production. It operates ten mines in the state of Maharashtra and Madhya Pradesh. The company has ambitious vision of more than doubling its production to 3.50 million tonnes by 2030. MOIL is also exploring business opportunities in the State of Gujarat, Rajasthan, Chhattisgarh and Odisha, besides other areas in the State of Madhya Pradesh.