MOIL Limited — Important, 01-05-2025: General Updates

MOIL has announced a board meeting to review the financial results for the quarter and half-year. The company cut manganese ore prices for May: Ferro grades (Mn-44%+) down 5%, other Ferro grades down 10%, and lower grades like SMGR down 15%. Chemical grades and ore fines fell 10%, while the EMD basic price held steady at Rs. 205,000/MT. These price reductions could weigh on near-term revenue and margins.