Moil

MOIL has been posting some really good production numbers for the past 2 months. Any idea what is happening? From where is the production ramp up happening and is this sustainable?

OT, this made me laugh for the explanation given. Rules are rules, people. from the latest concall transcript

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Oh you should see the video of that investor meet, some of us sitting there could simply not stop laughing.

MOIL Limited, a government enterprise, reported a 35% year-on-year increase in manganese ore production in November 2023. The company has also achieved a remarkable growth of 43% year-on-year in the current fiscal year, with production of 10.9 lakh tonnes of manganese ore from April to November 2023. Sales growth for November and April to November 2023 was 18% and 52% respectively. The company has been focusing on exploration, with a significant increase in core drilling activities. The CEO expressed confidence in sustaining the high performance levels.

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