MOIL will hold a meeting of the Board of Directors of the Company on 15 May 2024Powered by Capital Market - Live News

MOIL achieved best ever February production of 1.51 lakh tonnes Manganese (Mn) ore, higher 15% y-o-y. Production of 15.84 lakh tonnes upto February, 2024, has registered a remarkable growth of 37% y-o-y, surpassing best ever production of any financial year since inception. On the sales front too, the company has achieved sales of 1.56 lakh tonnes, 18 percent higher than Feb, 2023. During the year (upto Feb,24) sales of 13.91 lakh tonnes has been achieved, scaling an impressive growth of 32% y-o-y. The company has been giving utmost thrust to exploration month after month. In the current FY upto February, 2024, MOIL has carried out core drilling of 78,922 meters which is more than double y-o-yPowered by Capital Market - Live News

MOIL announced that the Board of Directors of the Company at its meeting held on 2 February 2024, inter alia, have recommended the interim dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of MOIL rose 36.89% to Rs 54.10 crore in the quarter ended December 2023 as against Rs 39.52 crore during the previous quarter ended December 2022. Sales rose 1.43% to Rs 306.31 crore in the quarter ended December 2023 as against Rs 302.00 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales306.31302.00 1 OPM %29.2018.32 - PBDT112.8676.20 48 PBT76.3546.11 66 NP54.1039.52 37 Powered by Capital Market - Live News

MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01 February 2024 as under:1. The prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above has been continued as prevailing since 01 January 2024.2. The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44%, SMGR (Mn-30% & Mn-25%) and Fines have been increased by 5% on the prevailing prices since 01 January 2024.3. The prices of all Chemical grades has been continued as prevailing since 01 January 2024.4. The basic price of EMD has been continued as prevailing since 01 January 2024.Powered by Capital Market - Live News