01 Apr 2018

MOIL revises rates for Manganese Ore for Q1 FY19

State-owned has revised the rates of various grades of ore for the first quarter of current fiscal.

The fixed/revised prices of different grades of ore will be effective from April 1, 2018, the public sector undertaking (PSU) said in a BSE filing.

Providing the details, it said the prices of grade, SMGR (Mn 30 percent and Mn 25 percent) and fine have been increased by about 12.5 percent on the existing price prevailing since March 1, 2018.

"A discount at the rate of 5 percent will be offered on the prices effective from 01.04.2018 on two specific grades of materials ie BG1,466 and BGF534 for dispatches during April 2018," the company said.

The prices of have been increased by about 5 percent on the existing price prevailing since March 1, 2018, while the price of electrolytic dioxide (EMD) has been increased by about 2.5 percent.

said Manganese/Slag and some identified grades of Ore will continue to be sold on basis as well as through Metal Mandi (M3) of MSTC.

produces and sells different grades of ore. At present, operates 10 mines, six located in the and districts of and four in the Balaghat district of 

(Source: Business Standard)

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