Speaking to CNBC-TV18 Manish Sarda, Director, Sarda Energy, said manganese prices have been moving up these past two months, because of closure of mines in Australia. Manganese Ore (India) from which Sarda sources its ore has hiked prices for three months in a row.

RBI relaxation of ECB norms to help boost infra: SREI

The Reserve Bank of India yesterday relaxed norms for companies and financial institutions to raise funds for infrastructure sector via the external commercial borrowing (ECB) route.

Demand pick since Jan‘16 to aid revenue growth in Q4: MOIL

The company has already signed contracts for dispatch of 4 lakh tonnes of ores inspite of increasing prices, said GP Kundargi, MD, MOIL.

Expect total capacity to increase to 1.5mt by FY16: MOIL

In an interview to CNBC-TV18, GP Kundargi, CMD, MOIL spoke about the newly allotted land in Maharashtra. The company also received prospecting license for 11 blocks near Nagpur and Bhandara regions.

No further correction in manganese iron ore prices: MOIL

KJ Singh, chairman and managing director of MOIL, said the production is going as per the target and the company will be able to produce and sell about 1.2 million tonne of manganese iron ore this year.

Pumping production to tackle pricing pressure: MOIL

The price of Manganese Ore has come down globally, and Indian companies like MOIL are facing the heat. However, KJ Singh, the company's chairman and managing director says that the production mix is being played around with, in order to 'sustain the pressure'.