Latest News | MOIL Ore Production Grows 43 Pc to 10.88 LT in Apr-Nov

New Delhi, Dec 4 (PTI) State-owned MOIL on Monday posted 43 per cent rise in manganese ore production at 10.88 lakh tonne (LT) during April-November 2023.

It had produced 7.58 LT manganese ore during the year-ago period, MOIL said in a statement.

Also Read | Bade Miyan Chote Miyan: Teaser of Akshay Kumar and Tiger Shroff Starrer To Release on Republic Day, 2024.

Last month, the production was 1.62 LT, registering 35 per cent year-on-year growth over 1.20 LT in November 2022.

The cumulative sale was 9.45 LT, up 52 per cent from 6.23 LT in the first eight months of the previous fiscal.

Also Read | Tamil Nadu Rains: Several Vehicles Get Washed Away As Heavy Rainfall Triggered by Cyclone Michaung Causes Waterlogging in Parts of Chennai (Watch Video).

In November 2023, the company reported sales of 1.01 LT as against 0.86 LT in the same month last year.

During April-November 2023, the company conducted an exploratory core drilling of 49,389 metres, 2.6 times higher than 18,899 metres in the same period last year.

MOIL, under Ministry of Steel, meets about 46 per cent of the total requirement of dioxide ore in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)