MOIL manganese output at 7.45 lakh tonnes in Apr-Dec

NEW DELHI, Mar 22:  India’s largest producer of manganese MOIL clocked a production of 7.45 lakh tonnes during the first nine months of the fiscal.

“During financial year 2015-16, the production of manganese ore was 7.45 lakh tonnes up to the month of December,” Steel Ministry said today.

The public sector undertaking achieved a total income of Rs 612.76 crore up to December and earned a Profit After Tax (PAT) of Rs 151.61 crore during the same period, it added.

Yesterday, the mini-ratna firm presented a cheque of Rs 36.07 crore as interim dividend to the government.

MOIL (formerly Manganese Ore India Ltd) had declared an interim dividend of Rs 3 per share for the 2015-16 fiscal.

Last week, the state-run firm had said Madhya Pradesh government granted mining lease of over 48.97 hectares in Balaghat district.

At present, MOIL operates 10 mines, 6 in Nagpur and Bhandara districts of Maharashtra and four in Balaghat district of MP.

MOIL’s annual production is around 1,093,363 tonnes.



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