MOIL increases prices of manganese ore products by 2%

State-owned MOIL LtdIndia’s largest producer of manganese ore, has increased by 2% the prices of all ferro grades manganese ore with manganese content below 44%, at 44% and above 44% with effect from today, July 1, as per a stock exchange filing.

Similarly, the prices of all chemical grades have been increased by 2% effective July 1, the announcement said. Chemical grade manganese ore is specifically used in chemical processes, battery production, and other non-metallurgical applications.

The prices have been increased for July.

Meanwhile, the prices of all silico manganese grade with manganese content of 30%, 25%, and fines remain unchanged.

In April, 2025, the Miniratna public sector undertaking posted a 27% year-on-year rise in consolidated net profit to ₹115.7 crore for the quarter ended March, compared to ₹91.1 crore in the corresponding quarter last year.

Shares of MOIL closed marginally lower at ₹386.55 on the NSE. The company’s stock has grown as much as 12% in the previous six months.