Latest news with #MOIL
Mint
2 hours ago
- Business
- Mint
Q1 results today: Power Grid Corp, Tata Power, Hyundai Motor, BASF, MOIL, and Indus Towers earnings on July 30
Q1 results today, on July 30: Power Grid Corp, Tata Power, Hyundai Motor, BASF, MOIL, Indus Towers, and P&G Health are among at least 20 companies set to release their earnings report today, July 30. Overall, over 100 firms are listed to announce their Q1FY26 results during the week of July 28-August 2. These include big names such as IndusInd Bank, Asian Paints, NTPC, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, and ITC among others. Investors are keenly watching these for corporate announcements, forward looking statements, revenue outlooks, and share prices, to make calculated investment decisions. At least 20 companies are set to release their Q1 earnings on Wednesday, July 30. These include many public sector (PSU) heavyweights such as PGCIL and MOIL, and private marquee companies such as Tata Power, Hyundai Motor, BASF and P&G Health. Firms releasing their earnings today include, Tata Steel, Power Grid Corporation of India, Hitachi Energy India, Indus Towers, Hyundai Motor India, Procter and Gamble Hygiene and Health Care, KPIT Technologies, Kaynes Technology India, JB Chemicals and Pharmaceuticals, CESC, IIFL Finance, BASF India, Asahi India Glass, Sagility India, Zydus Wellness, Sonata Software, Relaxo Footwears, Birla Corporation, Maharashtra Seamless, and MOIL, among others. The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a tepid opening today, tracking mixed cues from global markets; while the trends on Gift Nifty also indicate a muted start. The Gift Nifty was trading around 24,825 level, a discount of nearly 13 points from the Nifty futures' previous close. And, on July 29, the domestic equity market witnessed fag-end short-covering and ended higher, with the Nifty 50 closing above 24,800 level. The Sensex rallied 446.93 points, or 0.55 per cent, to close at 81,337.95, while the Nifty 50 settled 140.20 points, or 0.57 per cent, higher at 24,821.10. According to Om Ghawalkar, Market Analyst at 'the Sensex saw an intraday reversal formation after a long correction, coupled with a bullish candle on the daily charts, indicating further uptrend from current levels.' He added that the chart reveals a resistance zone between 82,500 and 82,700. The price action remains constrained within this range, and a breakout above resistance could lead to fresh highs, with selling pressure if levels fail to sustain above 80,400 – 80,500. While, Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking, noted that on the options front, the highest Call open interest (OI) for Nifty is seen at the 25,000 and 25,200 strike prices, highlighting potential resistance. 'On the Put side, the highest open interest is concentrated at the 24,800 strike, suggesting strong support. Together, the technical setup and derivative data signal a potential upside continuation as long as key support levels are held,' Bhojane said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
03-07-2025
- Business
- Time of India
MOIL reports record 5 lakh tonnes manganese ore production in Q1
State-owned MOIL has reported around a 7 per cent year-on-year rise in its manganese ore output to 5.02 lakh tonnes in the April-June quarter, an official statement said Thursday. In June, MOIL recorded its highest-ever production of 1.68 lakh tonnes of manganese ore, marking a 2 per cent increase over the corresponding period last year, the Ministry of Steel said. "MOIL scales new heights in April-June, 2025. Registers record quarterly production since inception," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Rates Undo Its CMD Ajit Kumar Saxena said the company's resounding performance in April-June 2025 reflects its strong fundamentals and continued growth outlook. MOIL, under the Ministry of Steel, is India's largest manganese ore producer. Live Events The Nagpur-based company operates 10 underground and opencast mines in Maharashtra and Madhya Pradesh. PTI
Hans India
03-07-2025
- Business
- Hans India
MOIL's manganese ore production rises to record 1.68 lakh tonnes in June
New Delhi: India's largest manganese ore producer MOIL continued its robust growth trajectory with the highest-ever June production of 1.68 lakh tonnes of manganese ore, marking a 2 per cent increase over the corresponding period last year, according to an official statement released on Thursday. During the April-June quarter of 2025-26, MOIL has registered its best ever quarterly production of 5.02 lakh tonnes, higher by 6.8 per cent over the same period of the previous year. The government-owned company, which supplies manganese ore as an input for making steel, also achieved its best ever Q1 exploratory core drilling of 34,900 metres, which represents a robust 16.2 per cent increase over the same quarter last year. Expressing satisfaction over the results, MOIL chairman and managing director Ajit Kumar Saxena said the company's resounding performance in April-June reflects its strong fundamentals and continued growth outlook. MOIL reported a 27 per cent increase in consolidated net profit to Rs 115.7 crore for the January-March quarter of financial year 2024-25, compared to Rs 91.1 crore in the corresponding of the previous financial year. Revenue from operations during the quarter came in at Rs 433.4 crore, registering a 4.2 per cent increase from Rs 415.9 crore a year ago. Operational performance remained stable, with EBITDA rising 8.7 per cent on-year to Rs 139.4 crore. EBITDA margin expanded to 32.2 per cent from 30.9 per cent in the year-ago period, reflecting improved cost control and firm pricing. The MOIL board has also approved the payment of an interim dividend of Rs. 4.02 per share for the financial year 2024-25 during the declaration of the Q3 results. This represents a 15 per cent increase over last year's interim dividend of Rs. 3.50 per share. Besides, the Board approved five shafts sinking projects including two ventilation shafts for its Dongri Buzurg Mine, Chikla Mine and Kandri Mine worth Rs 886 crore (approximate). These shafts will help the company to sustain as well as increase its existing production level in the coming years.
Time of India
23-06-2025
- Business
- Time of India
Indian steel PSUs expanding global presence to achieve higher production by 2030
In a bid to explore reserves of key minerals needed for steel making abroad, and eyeing new markets for the commodity as well, three PSUs — Steel Authority of India Limited (SAIL), National Mineral Development Corporation (NMDC), and Metallurgical and Engineering Consultants (MECON) — will be opening their offices in Dubai by the end of June. Eventually, Nagpur-headquartered Manganese Ore India Limited ( MOIL ) will also join with a setup in the country, Union steel secretary Sandeep Poundrik told TOI on Sunday. Even though there is enough domestic output of iron ore, the country needs to increase the supplies of coking coal, manganese, limestone, and even some of the critical minerals. The idea is to explore the reserves in other countries to meet the shortfall. Poundrik was in the city to attend the 63rd foundation day of MOIL on Sunday. Manganese is needed for strengthening steel in its manufacturing process. Soon, MOIL chairman-cum-managing director (CMD) AJ SAxena will be visiting Gabon to explore the opportunities for manganese mining in the country. The govt is also eyeing critical minerals in Brazil and Argentina, said the officer. Poundrik said Dubai has been chosen for opening the PSUs' office because a large part of the African market is controlled from there. Among Gulf countries, Oman has a sizeable quantity of limestone reserves, which again is a key input for steel making. With the availability of gas in the Middle-Eastern countries, the govt is also eyeing scope for DRI grade of steel from India, said the officer. Poundrik said the country is currently making 151 million tonnes of steel, with around 9.5 million tonnes being imported. The country is a net importer at present because of China dumping the commodity. A safeguard duty has been imposed, and it is expected to yield results. However, by 2030, India's production is expected to reach 300 million tonnes, with the capacity reaching around 400 million tonnes, he said. On the recent move of the European Union (EU) tightening restrictions on steel imports, Poundrik said India would take time to bring down the carbon imprint. EU nations have to follow the norms under the carbon border adjustment mechanism on this. With predominantly blast furnace technology in India, it would still take time to meet the EU norms. However, India is not much dependent on the EU, and there is a vast global market for its steel, he said. MOIL achieves highest quarterly production MOIL CMD Ajit Kumar Saxena said this quarter the company achieved the highest ever quarterly production at 5 lakh million tonnes in this fiscal. Never before could this level be reached. He was speaking at the company's foundation day function on Sunday. The company also undertook exploration of almost 107km in last fiscal. MOIL's production in the last fiscal stands at over 18 million tonnes, and it is confident of meeting the target of 35 million tonnes by 2030, he said. Later, Poundrik said he was confident that MOIL's contribution to the steel sector would go beyond 50%. He said that MOIL's production is expected to even cross 35 million tonnes, touching over 40 million tonnes by 2030.
Time of India
23-06-2025
- Business
- Time of India
Indian steel PSUs expanding global presence to achieve higher production by 2030
Nagpur: In a bid to explore reserves of key minerals needed for steel making abroad, and eyeing new markets for the commodity as well, three PSUs — Steel Authority of India Limited ( ), National Mineral Development Corporation (NMDC), and Metallurgical and Engineering Consultants (MECON) — will be opening their offices in Dubai by the end of June. Tired of too many ads? go ad free now Eventually, Nagpur-headquartered Manganese Ore India Limited (MOIL) will also join with a setup in the country, Union steel secretary Sandeep Poundrik told TOI on Sunday. Even though there is enough domestic output of iron ore, the country needs to increase the supplies of coking coal, manganese, limestone, and even some of the critical minerals. The idea is to explore the reserves in other countries to meet the shortfall. Poundrik was in the city to attend the 63rd foundation day of MOIL on Sunday. Manganese is needed for strengthening steel in its manufacturing process. Soon, MOIL chairman-cum-managing director (CMD) AJ SAxena will be visiting Gabon to explore the opportunities for manganese mining in the country. The govt is also eyeing critical minerals in Brazil and Argentina, said the officer. Poundrik said Dubai has been chosen for opening the PSUs' office because a large part of the African market is controlled from there. Among Gulf countries, Oman has a sizeable quantity of limestone reserves, which again is a key input for steel making. With the availability of gas in the Middle-Eastern countries, the govt is also eyeing scope for DRI grade of steel from India, said the officer. Poundrik said the country is currently making 151 million tonnes of steel, with around 9.5 million tonnes being imported. The country is a net importer at present because of China dumping the commodity. Tired of too many ads? go ad free now A safeguard duty has been imposed, and it is expected to yield results. However, by 2030, India's production is expected to reach 300 million tonnes, with the capacity reaching around 400 million tonnes, he said. On the recent move of the European Union (EU) tightening restrictions on steel imports, Poundrik said India would take time to bring down the carbon imprint. EU nations have to follow the norms under the carbon border adjustment mechanism on this. With predominantly blast furnace technology in India, it would still take time to meet the EU norms. However, India is not much dependent on the EU, and there is a vast global market for its steel, he said. MOIL achieves highest quarterly production MOIL CMD Ajit Kumar Saxena said this quarter the company achieved the highest ever quarterly production at 5 lakh million tonnes in this fiscal. Never before could this level be reached. He was speaking at the company's foundation day function on Sunday. The company also undertook exploration of almost 107km in last fiscal. MOIL's production in the last fiscal stands at over 18 million tonnes, and it is confident of meeting the target of 35 million tonnes by 2030, he said. Later, Poundrik said he was confident that MOIL's contribution to the steel sector would go beyond 50%. He said that MOIL's production is expected to even cross 35 million tonnes, touching over 40 million tonnes by 2030.
