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MOIL revises prices of different grades of Manganese Ore, other products

01 Sep 2022 Evaluate

MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from September 01, 2022. The prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above have been decreased by 15% on the prevailing prices since August 01, 2022 with effective from Midnight of August 31, 2022/ September 01, 2022.

The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44%, SMGR(Mn-30% & Mn-25%), Fines and Chemical grades have been decreased by 10% on the prices prevailing since August 01, 2022 with effective from midnight of August 31, 2022/ September 01, 2022. The basic price of EMD have been increased from Rs 1,55,000 PMT to Rs.1,65,000 PMT with effective from midnight of August 31, 2022/ September 01, 2022.

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

Peers
Company Name CMP
Coal India 422.40
NMDC 80.44
Ashapura Minechem 517.40
Sandur Manganese 181.25
GMDC 543.00
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