MOIL Sees 7% Rise In Production In April-May

State-owned MOIL on Monday posted a 7% rise in manganese ore production to 3.05 lakh tonne during April-May 2024. It had produced 2.84 LT manganese ore during the year-ago period, MOIL said in a statement.

The cumulative sale was 3.3 LT, up 32% over 2.5 LT in the year-ago period.

During April-May 2024, the company conducted an exploratory core drilling of 18,609 metres, 26% higher than 14,770 metres a year earlier.

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