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MOIL gains 5% on upward revision of manganese ore prices

The company has fixed/revised prices of different grades of manganese ore and other products, effective from October 01, 2017.

Shares of MOIL gained 5.5 percent intraday Tuesday on the back of revision of manganese ore and other products prices.

The company has fixed/revised prices of different grades of manganese ore and other products, effective from October 01, 2017.

The prices of various grade of manganese ore have been increased by 7.25 percent on the existing prices prevailing since July 01, 2017.

The price of electrolytic manganese dioxide (EMD) has been increased by 2.36 percent.

Meanwhile, the ferro manganese/ferro manganese slag and some identified grades of manganese ore continue to be sold on e-auction basis through MSTC.

At 10:33 hrs MOIL was quoting at Rs 196.40, up Rs 6.75, or 3.56 percent on the BSE.

The share price has increased by 62 percent in the last 1-year.
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