MOIL slashes Manganese Ore prices by 10%; stock rises

1 Aug 2022 , 11:05 AM

MOIL Limited informed that in line with the company’s business policy of fixing/revising prices of Manganese Ore and other products, it has made a revision in prices of different grades of Manganese Ore and other products effective from August 1, 2022.

The company has decreased the prices of all Ferro Grades manganese ore with Manganese content of Mn-44% and above by 10%, effective from August 1, 2022.

Further, it also made a 10% cut in prices of other Ferro grades of manganese ore with Manganese content below Mn-44%, SMGR (Mn-30% & Mn-25%), Fines, and Chemical grades on the prices prevailing since July 1, 2022, w.e.f. August 1, 2022.

The company further informed that for Electrolytic Manganese Dioxide for the month of August 2022, it will continue the prices of July 2022.

At around 11.09 AM, MOIL was trading at Rs156.95 up by Rs0.5 or 0.32% from its previous closing of Rs156.45 on the BSE. The scrip opened at Rs157.80 and has touched intraday high and low of Rs160.80 and Rs155.55 respectively.