MOIL (Manganese Ore India Limited), a public sector undertaking (PSU) under the Ministry of Steel, has seen a surge in its stock price following the announcement of its best-ever August production. The company achieved a remarkable 1.24 lakh tonnes of manganese ore production in August 2024, surpassing its previous records.
Record August Production: MOIL achieved its highest-ever August production of 1.24 lakh tonnes.
Positive Market Reaction : The announcement led to a rise in MOIL’s stock price.
Operational Efficiency : The record production demonstrates the company’s efficient operations.
Future Growth Potential : The positive performance suggests potential for future growth.