MOIL Ltd , a leading manganese ore producer in India, has unveiled a series of price adjustments for its manganese ore products, set to take effect from October 1, 2025. The company's strategic pricing move reflects its response to market dynamics and aims to optimize its product portfolio.

Key Price Changes

• Ferro Grade Manganese Ore: Prices for all Ferro grades of manganese ore will see a 6.40% increase. This adjustment applies to both high-content (Mn-44% and above) and lower-content (below Mn-44%) Ferro grades.

• SMGR and Fines Grades: The company has implemented a 5.20% price hike for SMGR (Mn-30% and Mn 25%) and Fines grades.

• Chemical Grades: All Chemical grades of manganese ore will experience a 6.40% price increase.

• EMD (Electrolytic Manganese Dioxide): In contrast to the other categories, the basic price of EMD will decrease by ₹10,000.00 per metric ton, bringing it down to ₹1,95,000.00 PMT from the previous ₹2,05,000.00 PMT.

Market Implications

The diverse pricing strategy adopted by MOIL Ltd suggests a nuanced approach to different product categories. The significant increase in Ferro and Chemical grade prices may indicate strong demand in these sectors, possibly driven by the steel and chemical industries. Conversely, the reduction in EMD prices could be a move to stimulate demand or respond to market pressures in the battery and electronics sectors where EMD is commonly used.

Company's Disclosure

In compliance with regulatory requirements, MOIL Ltd has formally notified the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited about these price adjustments. The company stated that these changes are in line with its business practice of periodically revising prices for its manganese ore and other products.

About MOIL Ltd

MOIL Limited, a Government of India Enterprise, is one of the largest manganese ore producers in the country. The company plays a crucial role in meeting India's requirement of manganese ore for steel production, in addition to producing value-added products like Electrolytic Manganese Dioxide (EMD) and Ferro Manganese.

These price adjustments come shortly after MOIL's 63rd Annual General Meeting, held on September 30, 2025, where the company discussed its financial performance and future strategies with shareholders. The timing of these price changes suggests that they may be part of the company's broader strategic plans for the upcoming fiscal year.

As the manganese ore market continues to evolve, MOIL Ltd's pricing strategy will likely play a significant role in shaping its market position and financial performance in the coming months.

MOIL Limited has achieved a significant milestone by commencing manganese ore exports as a State Trading Enterprise (STE), following its appointment by the Government of India. The company successfully dispatched its inaugural shipment of 54,600 tonnes of manganese ore fines from Visakhapatnam to Indonesia on August 22, 2025, marking a new chapter in India's manganese ore export sector.

Export Mechanism and STE Role

MOIL established the export mechanism in the fiscal year 2024-25, aligning with Trade Policy requirements that mandate all manganese ore exports from India to be routed through the company. As an STE, MOIL is responsible for exporting manganese ore with a grade below 46% Mn. The company operates through back-to-back arrangements with domestic suppliers, focusing on exporting low-grade ore with 25% Mn content.

Addressing Surplus and Boosting Foreign Earnings

This initiative addresses a crucial market need by utilizing India's surplus of low-grade manganese ore fines that exceed domestic demand. By facilitating the export of these resources, MOIL aims to enhance India's global presence in the manganese ore market and contribute to the country's foreign earnings.

Strategic Importance

The export of low-grade manganese ore (25% Mn) is of significant strategic importance for India. It not only helps in managing the surplus inventory but also positions India more prominently in the global manganese ore trade. This move is expected to open new avenues for the country's mining sector and strengthen its position in international markets.

Management's Perspective

Ajit Kumar Saxena, Chairman and Managing Director of MOIL, expressed his satisfaction with this achievement. He congratulated the MOIL team on successfully executing the first export consignment as an STE and emphasized the importance of efficient operations and well-informed strategies to facilitate international trade.

Looking Ahead

As MOIL embarks on this new role, the company is poised to play a pivotal part in shaping India's manganese ore export landscape. The success of this initial shipment sets the stage for potentially expanded export operations, which could have far-reaching implications for both MOIL and India's position in the global manganese ore market.

This development represents a significant step forward in India's efforts to optimize its mineral resources and expand its footprint in international trade, with MOIL at the forefront of this strategic initiative.