Manganese Ore (India) Limited, a Public Sector unit under Ministry of Steel, has reported best ever performance in FY 2021-22 with turnover has almost touching the highest-ever achieved so far in FY 2018-19. Total turnover of the company has been INR 1436 crores in FY 2021-22 registering growth of 22% in comparison to previous year’s turnover of Rs. 1177 crores and is marginally lower than the highest-ever achievement of INR 1441 crores in FY 2018-19.Despite adverse impact of second and third wave of Covid-19 affecting the operational activities of the Company for almost two months, MOIL has recorded the above performance. High grade ore production of 0.653 million tonne & sales of 0.665 million tonne is also at the highest level. MOIL has achieved overall production of 1.231 million tonne in FY 2021-22 as against 1.143 million tonne in last year, an increase of ~8%. Total sales have increased by 6% to 1.212 million tonne as against 1.143 million tonne during these periods.
Manganese Ore (India) Limited, a Public Sector unit under Ministry of Steel, has reported best ever performance in FY 2021-22 with turnover has almost touching the highest-ever achieved so far in FY 2018-19. Total turnover of the company has been INR 1436 crores in FY 2021-22 registering growth of 22% in comparison to previous year’s turnover of Rs. 1177 crores and is marginally lower than the highest-ever achievement of INR 1441 crores in FY 2018-19.Despite adverse impact of second and third wave of Covid-19 affecting the operational activities of the Company for almost two months, MOIL has recorded the above performance. High grade ore production of 0.653 million tonne & sales of 0.665 million tonne is also at the highest level. MOIL has achieved overall production of 1.231 million tonne in FY 2021-22 as against 1.143 million tonne in last year, an increase of ~8%. Total sales have increased by 6% to 1.212 million tonne as against 1.143 million tonne during these periods.
