 "MOIL gains on price hike of manganese ore")
MOIL rallied 5% to Rs 200 on BSE after the company said it hiked prices of various grades of manganese ore with effect from October 1, 2017.
The company has fixed/revised prices of different grades of manganese ore and other products, effective from October 1, 2017.
“The prices of various grade of manganese ore have been increased by 7.25% on the existing prices prevailing since July 1, 2017,” MOIL said in a statement.
The price of electrolytic manganese dioxide (EMD) has been increased by 2.36%, it added.
Meanwhile, the price of ferro manganese/ferro manganese slag and some identified grades of manganese ore continue to be sold on e-auction basis through MSTC, the company said.
At 11:58 AM; the stock was up 4% at Rs 197 on BSE, as compared to 0.83% rise in the S&P BSE Sensex. A combined 253,514 shares changed hands on the counter on BSE and NSE so far.
The company has fixed/revised prices of different grades of manganese ore and other products, effective from October 1, 2017.
“The prices of various grade of manganese ore have been increased by 7.25% on the existing prices prevailing since July 1, 2017,” MOIL said in a statement.
The price of electrolytic manganese dioxide (EMD) has been increased by 2.36%, it added.
Meanwhile, the price of ferro manganese/ferro manganese slag and some identified grades of manganese ore continue to be sold on e-auction basis through MSTC, the company said.
At 11:58 AM; the stock was up 4% at Rs 197 on BSE, as compared to 0.83% rise in the S&P BSE Sensex. A combined 253,514 shares changed hands on the counter on BSE and NSE so far.
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