MOIL Hikes Manganese Ore Prices by Up to 17.5% for April 2026; Highest Revision in Two Years
New Delhi, April 4, 2026 — State-owned MOIL Limited (NSE: MOIL, BSE: 533286), India's largest manganese ore producer, has announced a significant upward revision in prices of various manganese ore grades and related products, effective from April 1, 2026 (midnight of March 31/April 1).
The price increases, ranging from 15% to 17.5% over the rates prevailing since March 1, 2026, apply for the month of April 2026 and align with the company's quarterly pricing practice under Regulation 30 of SEBI (LODR) Regulations, 2015. This marks the sharpest hike in manganese ore prices by MOIL in nearly two years.
Key Price Revisions Effective April 1, 2026:
- Ferro grades with Mn 44% and above: Increased by 15%.
- Ferro grades with Mn below 44%: Increased by 17.5%.
- SMGR (Mn 30%), SMGR (Mn 25%), and Fines grades: Increased by 17.5%.
- Chemical grades: Increased by 17.5%.
- Electrolytic Manganese Dioxide (EMD): Basic price remains unchanged at ₹1,80,000 per metric tonne (PMT).
These revisions are in line with MOIL's established business practice of periodic price fixation for manganese ore and other products. The company supplies manganese ore primarily to the domestic ferro-alloy and steel industry.
Analysts note that the higher increase in lower-grade and allied products (17.5%) compared to premium ferro grades (15%) reflects current market dynamics and cost factors in manganese mining and production.
MOIL, a Miniratna Category-I PSU under the Ministry of Steel, holds approximately 50% market share in India's manganese ore production. The company operates multiple mines across India and continues to play a critical role in supporting the nation's steel and alloy sectors.
This price adjustment is expected to draw attention from investors, with MOIL shares often reacting to such announcements. The company will communicate detailed prices through its customer portal and official channels.
Stock Codes:
- NSE: MOIL
- BSE: 533286
For official details, refer to MOIL's regulatory filing on the BSE/NSE or the company's website (moil.nic.in).