MOIL fixes Manganese Ore and other product prices

NAGPUR | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Government of India Enterprise and a Metals & Mining Public Sector Undertaking (PSU) arm of Indian Government – MOIL Ltd released the new prices fixed for the third quarter (October-December) of fiscal 2019-20, effective from 1st November, 2019.

In a company statement as submitted to the Indian Bourses – titled, “Information relating to fixation of prices of different grades of Manganese Ore and other products, for 3rd Quarter 2019-20 (Oct-Dec, 2019) effective from 01.11.2019,” it further read that, In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that in line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.11.2019 as under :-

  1. The prices of all grades of Manganese Ore having Manganese (Mn) 3 7% and above (other than Chemical grades) have been decreased by about 20% on the existing prices prevailing since 01.10.2019.
  2. The prices of all grades of Manganese Ore having Manganese (Mn) less than 3 7% and below( other than Chemical grades) have been decreased by about 25% on the existing prices prevailing since 01.10.2019.
  3. The prices of Chemical grades i.e. DB2320, DB3385, DB3494, DB4546 and DB4547 have been decreased by about 10% on the existing prices prevailing since 01.10.2019.

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