MOIL scales new heights in Q1FY25
The company has registered new records in quarterly sales and production since inception.
State-owned MOIL scaled new heights in sales in April-June, 2024 by achieving its best-ever quarterly sales, with a remarkable growth of 14.5% y-o-y. The entire organization aligned together to meet this enhanced market demand and the impact could be seen in record revenue also.
This performance was backed by record quarterly production, going up to a level of 4.70 lakh tonnes during April-June, 2024, registering a growth of 7.8% y-o-y. MOIL has also continued its focus on exploration activities and carried out exploratory core drilling of 30,028 meters in Apr-June’25, which is higher by 49% y-o-y.
Read Also : Indian Overseas Bank Offers up gradation Facility on Savings Scheme VariantsShri Ajit Kumar Saxena, CMD MOIL, mentioned that it was heartening to see the MOIL team continuing the stellar performance rhythm and breaking the myth of first-quarter syndrome. He expressed confidence that the company will continue to maintain this momentum in the coming times.
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