MOIL revises rates manganese ores for Q1 FY19

State-owned MOIL has revised the rates of various grades of manganese ore for the first quarter of current fiscal.

The fixed/revised prices of different grades of manganese ore will be effective from April 1, 2018, the public sector undertaking (PSU) said in a BSE filing.

Providing the details, it said the prices of ferro grade, SMGR (Mn 30 per cent and Mn 25 per cent) and fine have been increased by about 12.5 per cent on the existing price prevailing since March 1, 2018.

"A discount at the rate of 5 per cent will be offered on the prices effective from 01.04.2018 on two specific grades of materials i e BG1,466 and BGF534 for dispatches during April 2018," the company said.

The prices of chemical grade ore have been increased by about 5 per cent on the existing price prevailing since March 1, 2018 while the price of electrolytic manganese dioxide (EMD) have been increased by about 2.5 per cent.

MOIL said Ferro Manganese/Ferro Manganese Slag and some identified grades of Manganese Ore will continue to be sold on e-auction basis as well as through Metal Mandi (M3) of MSTC.

MOIL produces and sells different grades of manganese ore. At present, MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.