MOIL Targets Manganese Production at 12 Lakh Tonne for FY12

Moneycontrol reported that MOIL (BSE:533286) forecast production of 12 lakh tons of manganese in 2012.

As quoted in the market news:

The production will be more than 6 lakh tonne and the total production for the year will be around 12 lakh tonne. Because there is a reduction in the prices of Manganese Ore by almost 40%, we are still hopeful that we will be able to achieve our sales realisation target of Rs 935 crore which will be hardly 25-20% less than the last year’s sales turnover.

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