MOIL records 14.5 pc jump in sales for April-June quarter

New Delhi, July 4 (IANS) Public sector miniratna mining company MOIL has recorded a 14.5 per cent jump in sales in the April-June quarter of 2024-25.This performance was backed by record quarterly production of manganese ore, going up to a level of 4.70 lakh tonnes during the quarter to register a growth of 7.8 per cent year-on-year, according to the companyMOIL, the country’s largest manganese ore producer, has also continued its focus on exploration activities and carried out exploratory core drilling of 30,028 metres in the April-June quarter, which is higher by 49 per cent year-on-year.MOIL Chairman and Managing Director Ajit Kumar Saxena said that it was heartening to see the company’s team continuing the stellar performance rhythm and breaking the myth of the first-quarter syndrome. He also expressed confidence that the company will continue to maintain this momentum ahead.--IANSsps/arm

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