MOIL increases prices of manganese ore products by 2%
Published on 01/07/2025 07:38 PM
MOIL increases prices of manganese ore products by 2%Shares of MOIL closed marginally lower at ₹386.55 on the NSE. The company’s stock has grown as much as 12% in the previous six months.By Vipal Durge July 1, 2025, 7:38:31 PM IST (Updated)1 Min ReadState-owned MOIL Ltd, India’s largest producer of manganese ore, has increased by 2% the prices of all ferro grades manganese ore with manganese content below 44%, at 44% and above 44% with effect from today, July 1, as per a stock exchange filing.
Similarly, the prices of all chemical grades have been increased by 2% effective July 1, the announcement said. Chemical grade manganese ore is specifically used in chemical processes, battery production, and other non-metallurgical applications.
The prices have been increased for July.
Meanwhile, the prices of all silico manganese grade with manganese content of 30%, 25%, and fines remain unchanged.
In April, 2025, the Miniratna public sector undertaking posted a 27% year-on-year rise in consolidated net profit to ₹115.7 crore for the quarter ended March, compared to ₹91.1 crore in the corresponding quarter last year.
Shares of MOIL closed marginally lower at ₹386.55 on the NSE. The company’s stock has grown as much as 12% in the previous six months.Continue Reading(Edited by : Shoma Bhattacharjee)First Published: Jul 1, 2025 7:24 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsManganese MineMOIL