MOIL shares rise after price revision to manganese ore grades, other products

Shares of MOIL Ltd. gained on Friday, January 2, after the company revised the prices of different grades of manganese ore and other products for January 2026 and the ongoing quarter.

The new prices are in effect from Thursday, January 1.

The prices of all ferro grades of manganese ore with minimum 44% and above manganese content as well as below 44% content have been increased by 3%, each, from the previous year.

The prices of SMGR (minimum 30%) and fines grades have been increased by 5%, while the rates of SMGR (minimum 25%) grades have been decreased by 5%. On the other hand, the prices of SMGR (minimum 20%) grades have been reduced by 10% from the previous year, MOIL said in a statement.

Metal Mandi Fines prices have been increased by 10% from last year as well.

The basic price of ₹1.95 lakh PMT of electrolytic manganese dioxide (EMD) has been decreased by ₹5,000 PMT to ₹1.9 lakh, MOIL added.

MOIL shares were up 0.7% at ₹370.5 apiece around 10.20 am on Friday. The stock has gained 11.7% in the past year.

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