MOIL Ltd. has implemented price cuts across its manganese ore portfolio effective from July 1, 2026. According to latest reports, the state-run miner reduced prices of most manganese ore grades by 5%, while select fines and ferro-grade products experienced steeper cuts of 10%. The revised pricing covers ferro-grade manganese ore, chemical grades, SMGR grades and fines as part of the company's monthly pricing exercise. As per CNBC TV18, this adjustment impacts both high-grade ore with manganese content of 44% and above, as well as other ferro grades, chemical grades, SMGR grades, and fines.
Under the revision, prices of all ferro grades of manganese ore with manganese content of 44% and above have been reduced by 5% from levels prevailing since June 1. Similarly, prices of all ferro grades with manganese content below 44%, chemical grades, SMGR grades and fines have also been lowered by 5%. The company maintained prices unchanged for certain fines ore codes — BGF534, KDF393 and UKF532, while reducing the price of the ferro-grade BG4584 by 10% for July. According to CNBC TV18, this specific reduction for certain ore codes demonstrates the company's selective approach to pricing adjustments across different product categories.
MOIL Limited announced the retirement of Smt. Usha Singh, Director (Human Resource), who ceased to be a director effective July 1, 2026 following her superannuation on June 30, 2026. The Ministry of Steel has assigned Shri Vishwanath Suresh, CMD, an additional charge of the Director (Human Resource) role for three months from July 1, 2026 to September 30, 2026. Additionally, MOIL announced the resignation of Shri Satish Kumar Asati from the position of General Manager (Electrical) effective July 1, 2026, due to superannuation. The company disclosed these changes in senior management to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per the company's disclosure, this transition was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
MOIL retained the basic price of Electrolytic Manganese Dioxide (EMD) at ₹1.80 lakh per metric tonne, while the price of EMD flakes has been maintained at ₹1.71 lakh per metric tonne. As reported by CNBC TV18, these pricing levels remain unchanged from previous periods, indicating the company's strategic approach to maintaining stability in its premium product segments while implementing selective price adjustments in other categories.
The price revision follows MOIL's softer March quarter performance, with net profit declining 20% year-on-year to ₹92.6 crore from ₹115.7 crore in the corresponding quarter last year. According to the company's financial results, revenue increased 2.6% to ₹444.5 crore, while EBITDA remained largely flat at ₹139 crore compared with ₹140 crore in the previous year. Operating margins also moderated during the quarter, with the EBITDA margin easing to 31.3% from 32.2% a year ago, indicating pressure on profitability despite stable operating performance.
As of latest trading data, shares of MOIL Ltd. were trading 0.5% higher at ₹279.50 on the NSE, according to CNBC TV18 reports. The positive market response suggests investor confidence in the company's pricing strategy despite the quarterly profit decline and recent price cuts. Historical stock performance shows mixed results with +45.05% gains over 5 years but -22.67% decline over 1 year, indicating market volatility in the manganese ore sector.
