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Mining & Mineral products, Small Cap

This is the highest-ever production achieved by the company in any third quarter since its inception, MOIL stated.

The public sector undertaking?s 9M FY26 production of manganese ore aggregated to 14.21 lakh tonnes, up 6.8% YoY.

The sustained improvement in production performance is a result of focused mine planning, operational discipline, enhanced mechanization, and the dedicated efforts of MOIL?s workforce across all operating units, the company said in a statement.

MOIL is a Schedule 'A' Miniratna Category-I public sector undertaking (PSU) that is engaged in the business of mining and supplying manganese. At present, the company operates its underground and opencast mines located in the Nagpur and Bhandara districts of Maharashtra and Balaghat district of Madhya Pradesh.

The company's net profit jumped 40.99% to Rs 70.44 crore on a 19.24% increase in revenue to Rs 348.05 crore in Q2 FY26 as compared with Q2 FY25.

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MOIL has achieved best-ever production performance in FY 2025-26 (Apr-Dec), recording its best-ever production figures for both the third quarter and the first nine months of the financial year.

During Q3 of FY 2025-26, MOIL achieved a record manganese ore production of 4.77 lakh tonnes, registering a growth of about 3.7% over the corresponding period last year (CPLY). This is the highest-ever production achieved by the company in any third quarter since its inception.

Further strengthening this growth momentum, MOIL has also recorded its best-ever nine-month production of 14.21 lakh tonnes, which is higher by about 6.8% compared to CPLY. The sustained improvement in production performance is a result of focused mine planning, operational discipline, enhanced mechanization, and the dedicated efforts of MOIL's workforce across all operating units.

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MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01 January 2026 as under:

1. The prices of all Ferro grades of manganese ore with Manganese content of Mn- 44% and above have been increased by 3% on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

2. The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 3% on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

3. The prices of SMGR (Mn-30%) and Fines grades have been increased by 5% on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

4. The prices of SMGR (Mn 25%) grades have been decreased by 5% on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

5. The prices of SMGR (Mn 20%) grades have been decreased by 10% on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

6. The prices of Metal Mandi Fines namely (UKF532, DBF575 and MSF592) grades have been increased by 10% on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

7. The prices of all Chemical grades have been continued prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

8. The basic price Rs.1,95,000/- PMT of EMD has been decreased by Rs. 5,000 PMT to Rs.1,90,000 on the prices prevailing since 01 December 2025 w.e.f. midnight of 31 December 2025/01 January 2026 for the month of January 2026.

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MOIL has achieved its highest-ever November production and sales, marking a significant milestone in the company's operational performance.

MOIL recorded 1.65 Lakh Metric Tonnes (LMT) of manganese ore production in November 2025, showing a 1% year-on-year (YoY) increase. Sales reached 1.37 LMT, reflecting a 3% YoY growth.

For the period April?November 2025-26, cumulative production stands at 12.69 LMT, an 8% increase over the same period of the previous year.

On this occasion, Ajit Kumar Saxena, CMD, MOIL, stated that the best ever November performance stands as a testament of teamwork, and consistent improvement demonstrated by the MOIL family. He is confident of MOIL team to continue with this positive momentum in the coming months.

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