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MOIL Announces Price Revisions for Manganese Ore
MOIL Limited, a state-owned mining company, has declared new prices for its manganese ore and related products, set to take effect from January 1, 2026. This routine revision impacts various grades of ore for the January-March 2026 quarter, reflecting the company's standard business practice.
Key Price Adjustments
The most significant change is a 3% increase for all Ferro grades of manganese ore with a Manganese content of 44% and above. Ferro grades with a Manganese content below 44% will also see a 3% price hike. These adjustments are applied over the prices that were in effect since December 1, 2025.
Further adjustments include a 5% increase for SMGR (Mn-30%) and Fines grades, also effective from December 1, 2025. However, SMGR grades with Manganese content of 25% have been decreased by 5%. In a more substantial move, SMGR grades with Manganese content of 20% will experience a 10% reduction in their price.
Metal Mandi Fines, encompassing grades like UKF532, DBF575, and MSF592, have seen a 10% increase compared to their prices from December 1, 2025. In contrast, the prices for all Chemical grades of manganese ore will remain unchanged from the previous period.
EMD Price Reduction
Beyond ore prices, MOIL has also revised the basic price of EMD (Electromagnetic Drive). The price has been reduced by ₹5,000 per metric tonne, bringing it down from ₹1,95,000 per metric tonne to ₹1,90,000 per metric tonne for January 2026. This change will be effective from midnight of December 31, 2025, transitioning into January 1, 2026.
Market Context
These price revisions are part of MOIL's established methodology for managing its product pricing based on market dynamics and operational costs. The company periodically reviews and adjusts its rates to align with prevailing conditions and maintain its competitive position in the market.
Impact
The price revisions are expected to influence MOIL's revenue and profitability in the coming quarter. Investors will be closely watching the company's performance following these changes, particularly for the grades that have seen increases, which could bolster earnings. The reduction in EMD price might affect margins on specific product lines. Overall, the news indicates active price management by a key player in the domestic manganese ore market.
Impact Rating: 5/10
Difficult Terms Explained
Manganese Ore: A naturally occurring rock or mineral containing substantial amounts of manganese, which is a crucial element in steel production and various industrial applications.
Ferro grades: Manganese ore that is processed into ferromanganese alloys, primarily used in the steel industry.
SMGR: Special Medium Grade Ore, referring to specific grades of manganese ore often used in metallurgical processes.
EMD: Likely referring to a specific product or component within MOIL's operations, here it is a high-value commodity with a price reduction.
Metric Tonne: A unit of mass equal to 1,000 kilograms (approximately 2,204.6 pounds).