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MOIL Limited — Earnings Release 2023
Oct 2, 2023
61480_rns_2023-10-02_d8c64764-1c68-4d99-92bc-8a6ffae2bfe9.pdf
Earnings Release
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MOIL LIMITED
(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
CS/NSE-BSE/2023-24/
Date: 02.10.2023
To, To, The GM (Listing), Listing Department National Stock Exchange of India Ltd, Bombay Stock Exchange Limited Exchange Plaza, Plot No.C-1, G Block, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East), Dalal Street Mumbai – 400053 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 registers best ever 6-monthly performance” issued to the press.
This is for your kind information please.
Thanking you,
Yours faithfully, For MOIL Limited
NEERAJ
DUTT
PANDEY
Digitally signed by NEERAJ DUTT PANDEY DN: c=IN, postalCode=440030, st=MAHARASHTRA, street=PLOT NO13 KOLHE LAYOUT SHRI KRISHNA NAGAR GODHNI ROADNAGPURZINGABAITAKLINEAR SHRI KISHNA MANGAL KARYALAY 440030, l=NAGPUR, o=Personal, title=1865, serialNumber=8fb6facb083b630969bd66d1566814 315b76a18b3d630955a816d5d37371a6b0, pseudonym=186520230918171853879, 2.5.4.20=82f2c2053474bfbab48cb5961d119d908e9 45b73052176fbfec2bd38b291d1eb, email=[email protected], cn=NEERAJ DUTT PANDEY Date: 2023.10.02 21:57:17 +05'30'
N.D. Pandey
(Company Secretary & Compliance Officer)
Press Release: 2[nd] Oct, 2023
MOIL LIMITED
MOIL registers best ever 6-monthly performance Record 6-monthly production, up 45% y-o-y
Record 6-monthly sales, up 54% y-o-y
Continuing its stellar performance, MOIL has created history by achieving best ever 6-monthly performance during April-September, 2023.
Production of Manganese ore jumped to 8.15 lakh MT in the first half of FY’24, registering a growth of 45% over corresponding period last year (CPLY). Production of 1.35 lakh MT in September month is best ever production for any September month since inception.
On sales front also, best ever 6-monthly performance of 7.57 lakh MT has been registered during April-September 2023, with a remarkable growth of 54% percent over CPLY. Sales of 1.56 lakh MT in September, 2023 has also been impressive, with a growth of 60% y-o-y.
Further, MOIL has recorded highest ever production of Electrolytic Manganese Dioxide (EMD) during the first half of the current year, registering a growth of 26% y-o-y. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.
Giving utmost thrust to exploration, MOIL has completed 34,684 meters of exploratory core drilling during April-September, 2023, which is more than three times of CPLY.
On 1[st] Oct, 2023, Shri Ajit Kumar Saxena, CMD, MOIL visited MOIL mines and personally congratulated a large cross-section of employees for achieving such a remarkable performance. The entire collective was upbeat and exhibited full confidence of continuing the growth trend.