New Delhi: MOIL Limited, India’s largest manganese ore producer, has announced a sharp increase in prices across its product portfolio, effective from April 1, 2026. The revision ranges between 15% and 17.5%, marking one of the steepest price hikes by the company in recent years.
Sharpest Price Increase in Recent Years
The latest revision is considered one of the most significant hikes in nearly two years. The increase comes as part of the company’s quarterly price revision practice, aligned with Regulation 30 of SEBI (LODR) Regulations, 2015.
The revised prices are applicable for April 2026 and are based on rates prevailing since March 1, 2026.
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Detailed Breakdown of Price Hike
MOIL has implemented a tiered pricing strategy based on manganese content and product category:
- Ferro Grades (Mn 44% and above): Increased by 15%
- Ferro Grades (below Mn 44%): Increased by 17.5%
- SMGR (Mn 30% & Mn 25%): Increased by 17.5%
- Fines Grades: Increased by 17.5%
- Chemical Grades: Increased by 17.5%
This differential pricing indicates stronger demand and cost dynamics for lower-grade and allied manganese products.
EMD Prices Remain Unchanged
While most categories saw a hike, the price of Electrolytic Manganese Dioxide (EMD) remains unchanged at:
- ₹1,80,000 per metric tonne (PMT)
This stability suggests balanced demand-supply conditions in the EMD segment compared to other product categories.
Driven by Market Dynamics and Cost Factors
Industry analysts believe that the higher increase in lower-grade ores and chemical grades reflects rising input costs, mining challenges, and evolving demand patterns in the steel and ferro-alloy sectors.
Manganese ore is a critical raw material for steel production, and price movements often impact downstream industries.
Regulatory Compliance and Transparency
MOIL Limited has disclosed the price revision to stock exchanges in compliance with SEBI (LODR) Regulations, 2015. The company emphasized that such revisions are part of its established pricing mechanism, ensuring transparency for investors and stakeholders.
Impact on Industry and Investors
The price hike is expected to:
- Influence input costs for steel and alloy manufacturers
- Attract investor attention, as MOIL stock often reacts to pricing decisions
- Reflect broader commodity market trends
The company will share detailed product-wise pricing through its official channels and customer portal.
About MOIL Limited
MOIL Limited is a Miniratna Category-I public sector enterprise under the Ministry of Steel and accounts for nearly 50% of India’s manganese ore production. With multiple mining operations across the country, MOIL plays a crucial role in supporting India’s steel and alloy industries while maintaining a strong presence in the global manganese market.
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