MOIL shares surge 18% from 52-week low as manganese ore production, sales rise to highest level in 5 years Shares of MOIL, the country’s leading manganese ore producer, surged 18% on Tuesday, March 17, 2026, after the company reported record production and sales levels for manganese ore. The stock hit an intraday high of ₹283.20 on the BSE, up 14% from its 52-week low of ₹242.35, driven by strong performance metrics. MOIL disclosed in an investor presentation that its manganese ore production reached 18.03 lakh metric tonnes in the 2024-25 fiscal year, while sales climbed to 15.88 lakh metric tonnes—the highest level in five years. The company also noted that its total income for the period hit a five-year peak at ₹1,696 crore, up from ₹1,543 crore in the previous year. However, the company reported a decline in revenue from operations for the first nine months of the current financial year, which dropped 8% to ₹1,056 crore. Profit after tax also fell 34% to ₹175 crore, compared to ₹266 crore in the same period last year. Looking ahead, MOIL outlined plans to enhance its production capabilities and profitability. The company aims to establish new beneficiation plants at various mines to process low-grade ore and improve product quality. It also plans to promote agglomeration through briquetting to convert fines and low-grade materials into saleable products. Additionally, MOIL intends to explore and expand overseas markets to address accumulated low-grade inventory and unlock new revenue streams. The company set a target to produce 3.5 million metric tonnes of manganese ore by 2030, which would increase its market share from 20% to 32% by that year. On the BSE, trading volume spiked as 5.57 lakh MOIL shares were traded, significantly higher than the average of 63,000 shares traded daily in the past two weeks.#nifty50 #bse #moil #manganese_ore #investor_presentation
