MOIL hikes manganese ore prices by up to 50%

Image
Press Trust of India New Delhi
Last Updated : Apr 03 2016 | 4:57 PM IST
State-run MOIL has hiked prices of various grades of manganese ore by up to 50 per cent for April-June quarter.
In a filing to BSE, country's largest manganese producer said it has increased the prices of all ferro grades of ore by 50 per cent over previous quarter (January-March) prices.
The company said the prices of all grades of fines are increased by 10 per cent.
The company revises prices of manganese ore on a quarterly basis.
"The price of all grades of SMGR (Mn 30 per cent) is increased by 20 per cent and SMGR Low (Mn 25 per cent) is increased by 15 per cent over the previous quarter prices," the filing said.
Prices of chemical grades ore have been increased by 35 per cent. There is no change in the existing price of Electrolytic Manganese Dioxide (EMD), Moil said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 03 2016 | 4:57 PM IST

Next Story