New Delhi: MOIL Limited, a Miniratna PSU under the Ministry of Steel, has registered best December production of 1,41,321 tonnes of manganese ore in December 2022. Producing at its rated capacity level, production increase has been to an extent of 18 percent over November 2022.

Sales at 1,64,235 tonnes for the month has also been spectacular, with a growth of around 91 percent over November 2022.

MOIL Limited's Chairman & Managing Director (CMD) Ajit Kumar Saxena, who has taken charge as CMD on December 29, 2022, shared that it is heartening to see the MOIL team coming together to register such a performance and expressed confidence that the same will be continued.

MOIL is the largest producer of manganese ore in the country with a market share of approximately 45 percent, operating eleven mines in the State of Maharashtra and Madhya Pradesh. The company has ambitious vision of almost doubling its production to 3.00 million tonnes by 2030. MOIL is also exploring business opportunities in the states of Gujarat, Rajasthan and Odisha besides other areas in the state of Madhya Pradesh.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)