MOIL India jumps after reporting record rise in production in December 2023

MOIL India Share Price: MOIL India shares were off to a good start on BSE on Wednesday (January 3, 2024) after the manganese ore company reported a record monthly production in December 2023.

The stock of the miniratna was up by 1.76 per cent, or Rs 5.55, at Rs 321.55, at 11:08 am Wednesday.

The stock's day's high is 328.40, which is close to its 52-week high of Rs 329.80. 

MOIL India reports record production 

MOIL India on Tuesday said that it had achieved its best-ever monthly production of Manganese (Mn) ore and registered production of 1.85 lakh MT in December, 2023, a 31 per cent jump Year-on-Year (YoY).

The company also said that its in the current financial year up to December, 2023, it has registered a growth of 41 per cent YoY, with production of 12.73 lakh MT of manganese ore.

It has recorded an impressive growth of 40 per cent in its sales during the first nine months of FY24 with selling 11.01 lakh MT of manganese ore, the company said in a statement.