MOIL Shares Recover from 52-Week Lows to Surge Over 17% on Tuesday Shares of state-run MOIL rose over 17% on Tuesday, March 17, after the company announced ambitious production targets for the full year. The stock, which had previously hit a 52-week low of ₹264.6, rebounded sharply to trade at ₹289.15, reflecting investor confidence in the company’s growth plans. The surge came following the disclosure of revised production goals, which highlighted MOIL’s commitment to expanding its manganese ore output. For the fourth quarter of the current financial year, MOIL aims to produce 9 lakh tonnes of manganese, doubling the 4.5 lakh tonnes it generated in the third quarter. This increase underscores the company’s focus on ramping up operations to meet rising demand. Looking ahead, MOIL has set a target to double its manganese ore production by financial year 2030 compared to the levels achieved in financial year 2025. The company also plans to boost its manganese ore output to 3.5 million tonnes in 2030, up from 2.35 million tonnes in the current fiscal year. In addition to production targets, MOIL has outlined plans to expand its market share in the manganese sector. The company aims to increase its current 20% market share to 32% by 2030, positioning itself as a dominant player in the industry. MOIL’s mining operations are spread across Nagpur and Bhandara districts in Maharashtra, as well as the Balaghat district in Madhya Pradesh. These locations are key to its strategy of leveraging diverse geological resources to meet growing demand. The company’s recent performance highlights its strategic focus on scaling production while navigating market dynamics.#nagpur #maharashtra #madhya_pradesh #moil #bhandara
