MOIL Shatters Records: Best-Ever Q3, Nine-Month Manganese Ore Output

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AuthorRiya Kapoor|Published at:
MOIL Shatters Records: Best-Ever Q3, Nine-Month Manganese Ore Output
Overview

State-owned MOIL Ltd. has posted its strongest Q3 and first nine months of FY26 for manganese ore production. Achieving record output, up 3.7% year-on-year for Q3 and 6.8% for the nine-month period, the company attributes success to enhanced mine planning, mechanization, and operational rigor. This performance signals robust operational efficiency for the miner.

Record Output Declared

MOIL Limited announced its best-ever production performance for the third quarter and the first nine months of FY26. The state-owned mining company reported a significant milestone in manganese ore output, underscoring robust operational capabilities.

During the third quarter of FY26, MOIL produced 4.77 lakh tonnes of manganese ore. This figure represents a notable year-on-year increase of approximately 3.7%. It marks the highest production MOIL has achieved in any third quarter since its establishment, signaling a strong period of performance.

Nine-Month Production Surge

Extending this success, the company's total production for the April-December period of FY26 reached a record 14.21 lakh tonnes. This output marks an improvement of around 6.8% compared to the corresponding nine months of the previous fiscal year. This sustained increase highlights consistent operational momentum.

Driving Factors

MOIL attributed this consistent improvement to several key factors. These include meticulous mine planning, stringent operational discipline, increased levels of mechanization across its units, and reliable execution of strategies. The company's focus on operational efficiency and technological integration appears to be yielding significant results.

Market Reaction

Shares of MOIL Ltd. closed down 2.05% at ₹367.50 on the National Stock Exchange (NSE) prior to the announcement. Earlier on Friday, the stock had seen gains following MOIL's decision to revise prices for manganese ore and related products. Effective January 1, the company increased prices for all ferro grades, both with 44% manganese content and above, and grades below 44%, by 3% each.

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