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MOIL revises prices of different grades of manganese ore, other products

02 May 2023 Evaluate

MOIL has fixed/revised prices of Manganese Ore and other products effective from May 01, 2023. The prices of all grades of manganese ore i.e. Ferro grade, SMGR (Mn-30% & Mn-25%), Fines except DBF487 and Chemical grades have been decreased by 5% on the prevailing prices since April 01, 2023 with effective from midnight of April 30, 2023/ May 01, 2023. 

The basic price of DBF487 is reduced by 15% on the prevailing price since April 01, 2023 with effective from midnight of April 30, 2023/ May 01, 2023. 

The basic price of EMD have been increased for the month of May 2023 from Rs 2,05,000 PMT to Rs 2,14,000 PMT with effective from midnight of April 30, 2023/ May 01, 2023.

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 420.80
NMDC 80.45
Ashapura Minechem 521.10
Sandur Manganese 179.40
GMDC 543.70
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