MOIL Limited has delivered exceptional production performance in FY26, setting new records for both quarterly and nine-month production figures. The state-owned manganese ore mining company announced these milestone achievements while shares closed lower on the NSE ahead of the announcement.

Record Q3 FY26 Production Performance

The company achieved its highest-ever third quarter production, demonstrating strong operational momentum during the period.

This performance represents the highest production ever achieved by MOIL in any third quarter since the company's establishment, highlighting the effectiveness of its operational strategies.

Nine-Month Production Milestone

MOIL's production excellence extended beyond the quarterly performance, with the company setting a new benchmark for nine-month production figures.

The nine-month production of 14.21 lakh tonnes surpassed the corresponding period last year by approximately 6.8%, demonstrating consistent growth momentum throughout the financial year.

Stock Performance and Price Revisions

Shares of MOIL closed 2.05% lower at ₹367.50 on the NSE ahead of the production announcement. However, the stock had gained earlier after MOIL revised prices of manganese ore and related products.

The company raised prices of all ferro grades with manganese content of 44% and above, as well as grades below 44%, by 3% each, effective from the start of the new year.

Operational Excellence Drivers

The sustained improvement in production performance has been attributed to several key operational initiatives implemented across MOIL's mining operations. The company has focused on strategic mine planning to optimize extraction processes and maximize output efficiency. Enhanced mechanization has played a crucial role in improving productivity levels across all operating units.

Operational discipline has been maintained through systematic processes and adherence to best practices in mining operations. The dedicated efforts of MOIL's workforce across all operating units have been instrumental in achieving these record production figures.

Strategic Impact

These production achievements reflect MOIL's strengthened operational capabilities and effective execution of its mining strategies. The consistent growth in both quarterly and nine-month production figures indicates the company's ability to maintain operational momentum and deliver sustained performance improvements. The record-breaking production levels position MOIL favorably in the manganese ore mining sector and demonstrate the company's commitment to operational excellence.

MOIL Ltd. has announced comprehensive price revisions across its manganese ore product portfolio, effective from January 1, 2025. The pricing adjustments cover various grades of manganese ore and other products, reflecting the company's strategic approach to market positioning in the new year.

Ferro Grade Price Increases

The company has implemented uniform price increases for ferro grades of manganese ore across different manganese content categories. Both grades with minimum 44% and above manganese content, as well as those with below 44% content, have received a 3% price increase compared to the previous year.

SMGR Grade Pricing Adjustments

SMGR (Silico Manganese Grade) products have seen varied pricing adjustments based on their manganese content specifications:

The differentiated pricing strategy reflects varying market demand and quality specifications across different SMGR grade categories.

Other Product Price Revisions

Metal Mandi Fines have received a significant price boost of 10% compared to the previous year, indicating strong market positioning for this product category. In contrast, the basic price of electrolytic manganese dioxide (EMD) has been reduced from ₹1.95 lakh per PMT to ₹1.90 lakh per PMT, representing a decrease of ₹5,000 per PMT.

Market Performance

MOIL shares concluded the previous trading session flat at ₹368.95 per share. Despite the sideways movement in the recent session, the stock has demonstrated positive momentum over the longer term, registering gains of 9.1% over the past year. The price revision announcement has brought the stock into market focus as investors assess the potential impact on the company's revenue and profitability.