MOIL Limited, a prominent public sector undertaking under the Ministry of Steel, has reported its highest-ever performance for the financial year 2024-25 (FY’25), surpassing all previous records in key operational and production metrics. The remarkable achievements underscore the company’s strategic focus on growth, efficiency, and long-term sustainability in the mining sector.

According to the official data released, MOIL has achieved record manganese ore production of 18.02 lakh tonnes in FY’25, reflecting a year-on-year (YoY) growth of 2.7 percent. This increase in production has been complemented by record sales of manganese ore, which stood at 15.87 lakh tonnes — a 3.3 percent rise compared to the previous financial year.

The company also reported its highest-ever production of ferro manganese at 12,000 metric tonnes (MT), representing an impressive 18 percent increase over the previous year. Ferro manganese is a critical alloy used in steelmaking, and this milestone highlights MOIL’s strengthening contribution to India’s steel industry.

In addition to its production achievements, MOIL made substantial progress in exploration activities. The company undertook exploratory core drilling of 1,07,530 meters during the year, marking a significant 22 percent increase over the corresponding period last year (CPLY). This extensive drilling effort is expected to play a vital role in enhancing the company’s resource base and paving the way for the development of new manganese ore mines across the country.

Shri Ajit Kumar Saxena, Chairman and Managing Director (CMD) of MOIL, extended his appreciation to the entire workforce for their dedication and relentless efforts in achieving these unprecedented results. He noted that the company’s outstanding performance is a testament to its robust operational planning, efficient resource management, and commitment to excellence. Shri Saxena also expressed optimism about maintaining this growth momentum in the coming financial year.

“These record achievements are the result of consistent teamwork, strategic foresight, and a strong execution framework. We are confident of sustaining this positive trajectory and further expanding our presence in the mining sector,” said Shri Saxena.

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MOIL’s strong performance in FY’25 reaffirms its position as India’s largest producer of manganese ore and a key contributor to the country’s mineral-based industrial ecosystem. The latest achievements not only strengthen the company’s financial and operational standing but also support national goals of self-reliance in the mining and metallurgical sectors.

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