GMDC, MOIL rally on strong volume amid reports that the government approved a ₹7,280-crore incentive programme to boost domestic production of rare earth magnets.
MOIL shares gained 8.4 per cent and registered an intra-day high at ₹374.1 per share on BSE, after the company said it has achieved highest-ever August production of 1.45 lakh tonnes
Nifty Trading Strategy, May 28: Nifty share price has been finding it difficult to cross the 25,116-resistance and continues to remain choppy. Among stocks, MOIL, Crompton Greaves look bullish
State-owned MOIL on Wednesday reported around 27 per cent year-on-year growth in net profit at Rs 115.65 crore for March quarter FY25 driven by a rise in income. It had posted a net profit of Rs 91.14 crore in the January-March period of 2023-24 fiscal year, the company said in an exchange filing. Income increased to Rs 458.20 crore during the quarter from Rs 439.85 crore a year ago. In entire FY25, the net profit rose by 30 per cent to Rs 381.63 crore from Rs 293.34 crore in 2023-24. Speaking to PTI, company's CMD Ajit Kumar Saxena said, "We have ended the fiscal delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." MOIL has also registered rise in production as well as in sales, he said. In FY25, the company's production stood at 18.02 lakh tonne, up 3 per cent year-on-year, while sales were higher by 3.3 per cent at 15.87 lakh tonne. MOIL, under Ministry of Steel, is India's largest manganese ore producer. The Nagpur-based comp
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The stock moved after the company revised prices of different grades of Manganese Ore and other products with effect from April 1, 2025, and released production numbers
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Penalty relates to excess production at the company's Tirodi Mine beyond the environmental clearance and consent to operate limits during the periods FY94 to FY96 and FY07 to FY09
In its Q3 update, MOIL announced that it achieved best ever Q3 production of manganese ore of 4.6 lakh tonnes
On the sales front, MOIL has achieved November sales of 1.33 lakh tonnes, higher by 32 per cent as compared to a year ago
MOIL has reduced the prices of all Ferro grades of manganese ore with a Manganese content of Mn-44 per cent and by 7 per cent
The government has assigned the additional charge of CMD RINL to Ajit Kumar Saxena, a regulatory filing said on Monday. Saxena is currently the Chairman and Managing Director (CMD) of MOIL, a PSU under the Ministry of Steel. "We have received an order...dated 29.09.2024 from Ministry of Steel assigning the additional charge of the post of CMD, RINL to Ajit Kumar Saxena, CMD, MOIL Ltd with immediate effect...," MOIL said in the filing. As per sources, Atul Bhatt the CMD of RINL is on personal leave from September 9 till November 30, which is also the date of his superannuation. Rashtriya Ispat Nigam Ltd (RINL), under the Ministry of Steel, is a steel manufacturing company. It owns and operates a 7.5 million tonne plant at Visakhapatnam in Andhra Pradesh. The company has been facing severe financial and operational issues. According to a steel ministry document, RINL is in serious financial trouble. It has been running at minimal capacity and facing continuous losses. The overall d
MOIL's stock price shot up after the company on Tuesday reported its highest-ever August production, reaching 1.24 lakh tonnes
The stock prices of MOIL slipped after the company announced that effective September 1, 2024, it will reduce prices across several categories of Manganese Ore and related products
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Shares of MOIL hit a new high of Rs 565.80, surging 9% on the BSE in Monday's intra-day trade amid heavy volumes
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At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges