Apr 04:FY 2021-22 has been one of the best years of performance in the history of Manganese Ore (India) Limited (MOIL), a schedule ‘A’ CPSE under the Ministry of Steel, as its turnover has almost touched the highest-ever achieved so far in FY 2018-19.
The total turnover of the company has been ~ Rs. 1436 crores in FY 2021-22 (provisional) registering a growth of ~22% in comparison to the previous year’s turnover of Rs. 1177 crores and is marginally lower than the highest-ever achievement of Rs. 1441 crores in FY 2018-19.
Despite the adverse impact of the second and third wave of Covid-19 affecting the operational activities of the Company for almost two months, MOIL has recorded the above performance. High-grade ore production (6.53 lakh MT) and sales (6.65 lakh MT) are also at the highest level. This performance is the result of better product planning, marketing strategy, and, most important, efforts put in by employees at all levels.
MOIL has achieved production of 12.31 lakh MT in FY 2021-22 as against 11.43 lakh MT last year, an increase of ~ 8%. Total sales have increased by ~ 6% to 12.12 lakh MT as against 11.43 lakh MT during these periods.
MOIL is also exploring business opportunities in the states of Gujarat, Rajasthan, and Odisha besides other areas in the State of Madhya Pradesh.
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