State-run MOIL has delivered an outstanding start to FY26, achieving record quarterly production of 5.02 lakh tonnes of manganese ore in the April-June period, representing a 7% year-on-year growth. According to the Ministry of Steel, this marks the highest quarterly production since the company's inception, with MOIL scaling new heights in operational performance. The company further strengthened its position by recording its highest-ever June production of 1.68 lakh tonnes, marking a 2% increase over the corresponding period last year. This exceptional Q1 performance set the foundation for sustained growth momentum throughout the financial year, demonstrating the company's enhanced operational capabilities and strategic focus on production excellence.
Building on its strong Q1 foundation, MOIL continued its exceptional performance trajectory in the third quarter. During Q3 FY26, the company produced 4.77 lakh tonnes of manganese ore, representing a year-on-year increase of 3.7%. This marks the highest production achieved by MOIL in any third quarter since its inception, demonstrating strong operational momentum and the effectiveness of its mining strategies. According to the company's latest press release, this record-breaking performance reinforces MOIL's position as India's largest producer of manganese ore. The company has maintained this momentum consistently, with record-breaking monthly performances throughout the year including best-ever production figures in August, September, October, and November.
For the April-December period, MOIL's total production stood at a record 14.21 lakh tonnes, registering growth of 6.8% compared with the corresponding period last year. This nine-month production figure represents the highest-ever nine-month production in the company's history, demonstrating consistent growth momentum throughout the financial year. The sustained improvement reflects a pattern of monthly records, with the company achieving best-ever September production with 10.3% growth in Q2 FY26, followed by record performances in subsequent months. The consistent production levels reflect the company's enhanced operational capabilities and strengthened execution across its mining units, positioning MOIL favorably to support India's steel and alloy industries.
The company attributed the impressive performance to several strategic initiatives including focused mine planning, improved operational discipline, enhanced mechanisation, and the consistent efforts of its workforce across all operating units. Enhanced mechanization has played a crucial role in improving productivity levels across all operating units, while systematic processes and adherence to best practices in mining operations have maintained operational discipline. As a Government of India enterprise, MOIL emphasized that the dedicated efforts of its workforce across all operating units have been instrumental in achieving these record production figures. The company has also strengthened its market position by starting exports of manganese ore as a State Trading Enterprise (STE), expanding its reach beyond domestic markets and reinforcing the company's long-term growth trajectory.
MOIL revised prices of manganese ore and related products for January 2026 and the ongoing quarter. The company raised prices of all ferro grades with manganese content of 44% and above, as well as grades below 44%, by 3% each, effective January 1, 2026. The company has been regularly updating its pricing strategy throughout the year with multiple price revisions for different grades of manganese ore. Despite the positive operational news and price revisions, shares of MOIL Ltd closed 2.05% lower at ₹367.50 on the NSE ahead of the production announcement. The record-breaking production levels position MOIL favorably in the manganese ore mining sector and demonstrate the company's commitment to operational excellence while strengthening its role in supporting India's industrial growth.
