MOIL Share Price Surges 17% After Announcing FY30 Production Expansion Plan
Stock Rebounds Sharply From Day’s Low
Shares of state-owned MOIL witnessed a sharp rally on Tuesday, March 17, surging as much as 17% after the company outlined its long-term production targets.The stock rebounded strongly after hitting a 52-week low of ₹264.6 earlier in the day. It later traded at ₹289.15, marking a gain of 16.6%, as investor sentiment improved following the announcement.
Ambitious Q4 Production Target
For the fourth quarter, MOIL has set a production target of 9 lakh tonnes of manganese ore. This represents a significant increase, as it is double the output recorded in the third quarter.The sharp ramp-up signals the company’s focus on accelerating production in the near term.
FY30 Vision: Doubling Output and Market Share
Looking ahead, MOIL has laid out an aggressive growth roadmap for the financial year 2030.The company plans to double its manganese ore production compared to the levels recorded in the financial year 2025. In absolute terms, production is targeted to rise to 3.5 million tonnes by FY30, up from 2.35 million tonnes in the current financial year.
In addition to higher output, MOIL aims to significantly expand its market presence. The company is targeting an increase in market share from the current 20% to 32% by FY30.
Mining Operations and Product Portfolio
MOIL operates mines across key regions, including the Nagpur and Bhandara districts in Maharashtra and the Balaghat district in Madhya Pradesh.The company produces a range of manganese ore grades, catering to diverse industrial requirements.
Market Reaction
The strong upward movement in MOIL’s share price reflects positive market response to its production expansion strategy and long-term growth targets.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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