MOIL Achieves Record-Breaking Production in September 2025 and Q2 FY'26
MOIL Limited reported exceptional operational performance for September 2025 and Q2 FY'26. September production reached 1.52 lakh tonnes, up 3.80% year-over-year. Q2 production hit 4.42 lakh tonnes, a 10.30% increase. Sales volume grew 18.60% to 3.53 lakh tonnes. Exploratory core drilling in September increased by 46.00% to 5,314 meters, while Q2 drilling reached 21,035 meters, up 4.10%. The company also announced promotions of Vikashranjan Parida to General Manager (Technical) and Rajesh Bhattacharya to General Manager (Production & Diversification).
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MOIL Limited , a leading manganese ore producer in India, has reported exceptional operational performance for September 2025 and the second quarter of fiscal year 2026. The company has set new benchmarks in production and exploration, demonstrating strong growth across key parameters.
September 2025 Performance
MOIL achieved its best-ever September production, reaching 1.52 lakh tonnes, marking a 3.80% increase compared to September 2024. This achievement underscores the company's commitment to operational excellence and its ability to meet growing market demands.
In addition to production gains, MOIL significantly ramped up its exploratory efforts. The company conducted exploratory core drilling of 5,314 meters in September, showcasing a remarkable 46.00% growth over the previous year. This substantial increase in exploration activities highlights MOIL's focus on expanding its resource base and ensuring long-term sustainability in the manganese sector.
Q2 FY'26 Highlights
The company's strong performance extended throughout the second quarter of FY'26, with several notable achievements:
- Record Production: MOIL registered its best-ever quarterly production of 4.42 lakh tonnes, representing a 10.30% year-over-year growth.
- Sales Growth: Sales volume increased to 3.53 lakh tonnes, achieving an impressive 18.60% growth compared to the same period last year.
- Continued Exploration: Q2 exploratory core drilling reached 21,035 meters, growing by 4.10% compared to Q2 FY'25.
Management's Perspective
Shri Ajit Kumar Saxena, Chairman and Managing Director of MOIL, commented on the company's performance: "The growth achieved across key parameters underscores MOIL's commitment to strengthening its operational excellence and ensuring long-term sustainability. With continued emphasis on exploration in all its operating mines, MOIL is well positioned to enhance its reserves/resource to maintain leadership in the manganese sector."
Recent Management Changes
In a separate announcement, MOIL disclosed changes in its senior management effective from July 1, 2025:
Shri Vikashranjan Parida has been promoted to the position of General Manager (Technical). Parida holds a B.E. in Mining, a First Class Mine Manager's Certificate of Competency, and an MBA in HR.
Shri Rajesh Bhattacharya has been elevated to the role of General Manager (Production & Diversification). Bhattacharya's qualifications include a B.E. in Mining and Mineral Engineering, a First Class Mine Manager's Certificate of Competency, and an MBA.
These promotions align with MOIL's service rules and are expected to strengthen the company's technical and production capabilities.
MOIL's record-breaking performance in production and exploration, coupled with strategic management changes, positions the company for continued growth and leadership in the manganese industry. As MOIL advances its operational excellence and resource expansion initiatives, it remains well-equipped to meet the evolving demands of the market and maintain its competitive edge in the sector.
Historical Stock Returns for MOIL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.24% | -1.50% | +3.16% | +13.65% | +7.69% | +170.71% |
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