MOIL Limited has informed the Exchange regarding 'Press Release'.
MOIL · price
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MOIL Limited, a government-owned manganese ore miner, reported its highest-ever May production in May 2025, producing 1.71 lakh tonnes of manganese ore. This represents an 18% growth over the same month last year and marks the fourth-highest monthly production since the company's inception. Additionally, exploratory core drilling touched 13,352 meters, up 17.5% year-on-year, showing the company's push to expand its resource base. The strong start sets a positive tone for FY26, with CMD Ajit Kumar Saxena crediting disciplined operations and efficient practices for the result.
Positive for shareholders — record-high monthly production signals strong operational momentum heading into FY26, and the 17.5% jump in exploratory drilling suggests potential for future production growth. The news is likely to be viewed favorably by the market, though it is an operational update rather than a financial earnings disclosure.