Shares of MOIL Ltd surged more than 7% on Wednesday, September 3, after the state-owned manganese ore producer reported its best-ever August performance. The stock rose to ₹369.95 on NSE, reflecting investor optimism following the company’s operational update.
MOIL registered a record production of 1.45 lakh tonnes in August 2025, marking a 17% year-on-year growth. The company also reported strong sales of 1.13 lakh tonnes, up 25.6% compared to the same month last year.
For the April–August 2025 period, cumulative production stood at 7.92 lakh tonnes, representing a 9.3% rise year-on-year. Additionally, exploratory drilling activities accelerated, reaching 50,621 meters, an 8.6% increase.
Ajit Kumar Saxena, Chairman and Managing Director of MOIL, credited the achievement to the resilience of the company’s workforce in overcoming weather-related operational challenges.
In August, MOIL revised its ore pricing, hiking rates by 3% for all Ferro grades of manganese ore above and below 44% content, and for chemical-grade ores. However, it reduced prices by 3% for certain SMGR and fines categories, while leaving the price of Electrolytic Manganese Ore unchanged at ₹2,05,000 per metric tonne.
The company’s strong growth trajectory and positive pricing actions drove market sentiment, pushing MOIL’s stock higher by over 7% in today’s session.
