Shares of MOIL were in focus after the state-owned miner announced a revision in prices of different grades of manganese ore for the January–March 2026 quarter, with prices effective from January 1, 2026.
According to the regulatory filing, prices of all ferro grades with manganese content of 44% and above have been increased by 3%, compared with rates prevailing since December 1, 2025. Ferro grades with manganese content below 44% have also seen a 3% increase for January 2026 .
MOIL further stated that SMGR (Mn-30%) and fines grades prices have been raised by 5%, while metal mandi fines grades (UKF532, DBF575 and MSF592) recorded a sharper 10% price hike for the month .
On the other hand, SMGR grades with manganese content of 25% saw a 5% price cut, while SMGR (Mn-20%) grades were reduced by 10%. Prices of chemical-grade manganese ore remain unchanged from December levels .
The company also announced a reduction in the basic price of Electrolytic Manganese Dioxide (EMD) by Rs 5,000 per metric tonne, bringing it down to Rs 1,90,000 per metric tonne for January 2026 .
The price revision forms part of MOIL’s routine monthly and quarterly pricing mechanism in line with market conditions and business practices.
