MOIL achieves 12% growth in manganese ore production in July; still 14% lower than June

Government-owned MOIL has reported a monthly production of 1.45 lakh tonnes of manganese ore in July this year. This marks a whopping 12% growth in the company’s production from the corresponding period last year (CPLY), despite adverse weather conditions.

“Despite heavy rainfall, MOIL demonstrated strong operational momentum during April–July 2025, with production at 6.47 lakh tonnes (7.8% growth y-o-y), sales of 5.01 lakh tonnes (10.7% higher than CPLY), and exploratory drilling of 43,215 meters (up 11.4% over CPLY),” the company said in a statement.

Company chairman and MD Ajit Kumar Saxena congratulated the MOIL team for the company’s noteworthy performance and appreciated the continued efforts to enhance production and sales.

However, the July production remains 13.69% lower than June and has not matched September levels.

Following the news, shares of MOIL rose as much as 3.36% to an intraday high of ₹347.35. At the time of writing, the shares were trading at ₹345.90 apiece, up 2.93% from the previous close of ₹ 336.05 on the NSE on Monday.

MOIL is a Miniratna government-owned manganese ore mining company headquartered in Nagpur, Maharashtra. With a commanding 50% market share, it stands as the largest producer of manganese ore in the country. Currently, MOIL runs 11, including both underground and opencast mining operations in the Nagpur and Bhandara districts of Maharashtra, as well as in the Balaghat district of Madhya Pradesh. These mines have been operational for around a century.

The company was originally incorporated as Manganese Ore (India) Limited on June 22, 1962. Later, during the financial year 2010-11, the company's name was changed to MOIL Limited.

Additionally, this ore, in the form of manganous oxide, serves as a micro-nutrient in cattle feed and fertilizers. MOIL meets approximately 48% of India’s total requirement for dioxide ore.

This June quarter, the company reported a 28.73% decline in total income to ₹370.53 crore from ₹519.91 crore during the same period last year. As a result, the company’s net profit for the period declined 66% to ₹51.51 crore from last year’s ₹152.35 crore.

Across segments, the company’s revenue was majorly hit because the mining revenue dropped 32% to ₹321.53 crore from last year’s ₹476.33 crore during the same period. Meanwhile, revenue from manufactured products rose 48.89% to ₹29.27 crore from last year’s ₹19.66 crore. Revenue from power segment also declined 4.7% to ₹6.17 crore from ₹6.48 crore during the same period.