Moneycontrol
Dec 01, 2016 10:34 AM IST IST | Source: Moneycontrol.com

MOIL touches 52-week high on price hike of manganese ore

The company has increased the prices of all ferro grades of ore, all grades of fines and all chemical grades ore by 30 percent, 25 percent and 10 percent respectively.

Moneycontrol Bureau

Shares of MOIL touched a 52-week high of Rs 394, rising nearly 5 percent intraday Thursday as it has increased prices of different grades of manganese ore effective from December 1.

The company has increased the prices of all ferro grades of ore, all grades of fines and all chemical grades ore by 30 percent, 25 percent and 10 percent, respectively.

It has also increased prices of all grades of SMGR (mn 30 percent) and SMGR low (mn 25 percent) by 25 percent.

However, the existing price of electrolytic manganese dioxide remained unchanged.

In the past, the company had increased prices of different grades of manganese ore on November 1, 2016.

At 10:01 hrs MOIL was quoting at Rs 382.25, up Rs 5.90, or 1.57 percent on the BSE.

Posted by Rakesh Patil
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