MOIL gains after increasing manganese prices : vimarsana.com

MOIL gained 2.69% to Rs 146.95 after the company hiked prices of manganese ore and other products with effect from 1 January 2021.
MOIL said prices of all Ferro grades of manganese ore having Manganese Mn-37% and above have been increased by 10% and all the other Ferro grades of Manganese Ore having Manganese below Mn-37% have been increased by 15%.
MOIL further added that prices of all SMGR grades (Mn-30% & Mn-25%) and all grades of Fines have been increased by 15%. The company hiked prices of all grades of chemical grades of manganese ore by 10%. The state run miner said that price of Electrolytic Manganese Di-oxide (EMD) were kept unchanged.

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