Share Price of MOIL in Focus After Price Revision Announcement

Incorporated on June 22, 1962, MOIL Limited has been instrumental in catering to India’s manganese ore requirements, particularly for steel production. With a legacy that dates back to 1899, the company began its journey as the Central Prospecting Syndicate (CPS), focusing on exploring India’s rich manganese reserves. Today, MOIL stands tall as a Miniratna company, showcasing a steadfast commitment to industrial growth.

Strategic Presence and Operations

MOIL operates several mining facilities spread across the Nagpur and Bhandara districts of Maharashtra, along with the Balaghat district of Madhya Pradesh. Its extensive operations cater to the varied needs of industries by supplying diverse grades of manganese ore.

Recent Share Price of MOIL

MOIL’s share price started 2025 on a strong note, registering a 4.45% rise on the NSE on January 1, 2025. However, this initial gain saw a pullback of 1.72% on January 2, 2025 as of 11:45 am, shortly after, reflecting investor reactions to the company’s pricing revisions.

Price Revisions Fuel Market Buzz

The recent surge in MOIL’s share price was attributed to its announcement regarding revised prices for manganese ore, effective from January 1, 2025. Key highlights from the pricing changes include:

• Ferro Grades: Prices for manganese ore with Mn-44% and above were increased by 1%.
• Lower Ferro Grades: Prices for manganese content below Mn-44% saw a 5% increase on the prices prevailing.
• Silico Manganese Grades (SMGR): Prices for Mn-30%, Mn-25%, and Mn-20% grades were raised by 5%.
• Chemical Grades: Prices rose by 7.5%, effective from midnight of December 31, 2024 for the month of January 2025.
• Electrolytic Manganese Dioxide (EMD): The base price of ₹205,000 per metric ton was maintained for January 2025.

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