MOIL Limited — Important, 01-12-2024: Updates

MOIL Limited has fixed/revised its prices for various grades of Manganese Ore and Electrolytic Manganese Dioxide, effective from December 1, 2024. The company will reduce prices for all Ferro grades of manganese ore with a manganese content of 44% and above by 3%. Conversely, prices for Ferro grades below 44% will see a 3% increase. Additionally, certain SMGR grades and fines will have their prices raised by 3%, while specific SMGR grades will decrease by 5%. Chemical grades will experience a 5% price hike, but the basic price of Electrolytic Manganese Dioxide remains unchanged at Rs. 2,05,000 per metric ton for December 2024. These adjustments reflect the company’s strategic pricing approach in response to market conditions, impacting revenue and demand dynamics moving forward. Investors should monitor these price changes for potential implications on profitability and market positioning.