Financial year 23-24 was the best for MOIL

Shares of MOIL saw a significant increase in value the day after the public sector undertaking (PSU) announced its record-breaking production figures. The company achieved its highest-ever production in a financial year since its establishment, reaching 17.56 lakh tonnes, marking a notable 35% increase compared to the previous year. This FY24 production volume surpassed the previous record of 13.64 lakh tonnes, set in FY08, by 29%.