MOIL's Best August production, Achieves 7% growth
MOIL achieved a 7% growth in production compared to the previous year.
MOIL
With best ever August production of 1.24 lakh tonnes in August, 2024, MOIL sustained its performance momentum. It has achieved production of 7.24 lakh tonne during first five months of the current financial year (April to August 2024), registering a growth of 7% over CPLY.
The Company has achieved sales of 5.92 lakh tonnes during April-August 2024, which is almost at the same level of last year. This is despite challenging market conditions and high international price volatility over the past few months.
Read Also : One day to go: India to Auction Offshore Mineral Blocks
Revenue from operations has increased by about 11% during April- August, 2024 over CPLY.
Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 46,585 meters upto August, 2024 which is 1.6 times than the previous year.
Read Also : Defence Partnership Days: 28-29 November 2024, Read about itNews Must Read
- Defence Partnership Days: 28-29 November 2024, Read about it
- HUDCO and NBCC signs Agreement for landmark Noida project
- NBCC received approx Rs. 316 Crore work order
- BEML and MDL signs MoU for developing Marine Applications
- Ravi K Takes Over as Director (Operations) at HAL
- REC Limited bags award in Best Corporate Film category
- Paytm Launches UPI LITE Auto Top-up for Recurring Daily Payments Under Rs 500 with No PIN
- SECI sign MoU with Rajasthan Government for investment in Renewables
- Power Minister inaugurates NTPC Green Hydrogen Mobility Project in Leh
- Rites revises estimate for Northeast Frontier Railway electrification to Rs 532 crore