MOIL Stock Hits 20% Upper Circuit; Q4 Production Target Equals 81% of FY21 Output On March 17, MOIL’s share price surged to the upper circuit of 20% following the company’s announcement that its manganese ore production in the fourth quarter (Q4) is expected to reach 9.29 lakh tonnes. This target represents 81.2% of the 11.44 lakh tonnes produced during the full fiscal year of 2021 (FY21). As of March 17, 2026, the stock closed at Rs 293. MOIL has set a full-year production target of 23.50 lakh tonnes for FY26. To meet this goal, the company needs to produce 9.29 lakh tonnes in Q4FY26, as it has already achieved 14.21 lakh tonnes in the first nine months of the fiscal year. The Q4 target is significant, as it aligns with 81.2% of FY21’s total production. The company also aims to expand its market share from 20% to 32% by 2030, a growth of 12 percentage points. To support long-term production growth, MOIL is investing heavily in underground mining infrastructure, particularly through shaft sinking projects. These projects involve digging vertical tunnels to access deeper mineral deposits, improving ventilation and ore extraction efficiency. The company has awarded contracts worth Rs 664.12 crore (excluding GST) for five such projects across key mines. At the Dongri Buzurg mine, three shafts—two for ventilation and one for production—are under development, with completion expected by 2029–2030. New shafts are also planned at the Kandri and Chikla mines, both slated for completion by 2030. MOIL is expanding its footprint through exploration and joint ventures. In Gujarat, the company has identified 9.51 million tonnes of manganese ore reserves in the Pani area, with the process for obtaining a mining lease underway.#moil #kandri_mine #chikla_mine #dongri_buzurg_mine #pani_area
MOIL Aims for 3.5 Million Tons Manganese Production by FY30 MOIL Limited, India’s largest manganese ore producer, has outlined ambitious expansion plans to increase manganese ore production capacity to 3.5 million tons by fiscal year 2030, up from a projected 2.35 million tons in fiscal year 2026. The company presented these goals during an investors’ meeting on March 17, 2026, alongside updates on its financial performance and infrastructure development initiatives. The expansion strategy focuses on enhancing production capacity through significant infrastructure investments and strategic partnerships. MOIL’s production trajectory is projected to nearly double its current capacity over the next four years. The company’s strategic targets include increasing its market share from 20% to 32% by FY30 and expanding its total reserves and resources beyond the current 121.97 million tons. MOIL’s financial performance in FY24-25 provided a strong foundation for its growth plans. The company reported a profit after tax (PAT) of ₹381.64 crores, a 30.11% increase from ₹293.34 crores in FY23-24. Revenue from operations rose to ₹1,585 crores, up 9.39% from ₹1,449 crores in the previous fiscal year. The company’s net-worth reached ₹2,637.90 crores in FY24-25, with a return on net-worth of 14.99%, up from 12.49% in FY23-24. To support its expansion, MOIL has allocated ₹664.12 crores for infrastructure development across multiple mining projects. Key projects include the Dongri Buzurg Production Shaft, Kandri Mine, and Chikla Mine, all scheduled for completion by 2030. Additional investments are planned for ventilation systems at the Dongri Buzurg site, with completion targets set for 2029. MOIL is also pursuing greenfield projects in Gujarat, Madhya Pradesh, and Chhattisgarh to expand its resource base.#india #moil_limited #dongri_buzurg_production_shaft #kandri_mine #chikla_mine
