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 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
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
