MOIL Begins FY26 With Highest-Ever May Production Milestone

MOIL Limited, the country’s leading producer of manganese ore and a Miniratna Category I PSU under the Ministry of Steel, has made a strong start to the financial year 2025–26. The company reported its highest-ever May production, achieving a substantial 18% year-on-year growth. With this performance, MOIL has not only set a new monthly record for May but also delivered the fourth-highest monthly output in its operational history.

MOIL Posts Highest-Ever May Production Of Manganese Ore

MOIL Limited, India’s largest producer of manganese ore and a Miniratna Category I PSU under the Ministry of Steel, has announced its highest-ever production for the month of May. The state-run miner produced 1.71 lakh tonnes of manganese ore in May 2025, achieving an impressive 18% growth compared to the same period last year.

This figure not only sets a new May benchmark for the company but also marks the fourth-highest monthly production in MOIL’s operational history. The performance reflects the company's operational efficiency and consistent execution of its production strategy.

Exploration Activity Sees Significant Expansion

In addition to the production milestone, MOIL also reported notable progress in its exploration initiatives. During the same month, the company completed 13,352 metres of exploratory core drilling, representing a 17.5% increase over May of the previous year.

This uptick in exploration highlights MOIL’s proactive approach to expanding its resource base, which plays a crucial role in sustaining long-term growth and enhancing future output potential.

Leadership Remarks On Operational Discipline

Commenting on the achievement, MOIL Chairman and Managing Director Ajit Kumar Saxena said, “Our mines are the backbone of MOIL’s success. With this performance, we have shown that disciplined operations and efficient practices can consistently break barriers.”

His statement reaffirms the company’s commitment to operational excellence and sustained resource development as it moves into the new financial year.

Read More: Best Metal Stocks In India In June 2025. 

Share Price Performance of MOIL 

As of 11:14 AM on June 4, the share price of MOIL was up by 0.57% at ₹364.70, reflecting the market's response to the operational update.

Conclusion 

The record production and expanded drilling activity signal a robust start for MOIL in FY26. These developments align with the company’s broader strategy to strengthen its presence in the mineral sector through consistent output and exploration-led growth.

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