MOIL Limited has announced a comprehensive price revision for different grades of manganese ore for February 2026, effective from midnight of January 31, 2026. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Price Increases Across Major Grades

The company has implemented selective price adjustments across its product portfolio, with most categories witnessing upward revisions:

Grades Maintaining Current Pricing

Several product categories will continue at their January 2026 price levels without any revision:

• BG4584 grade: Maintains January 2026 pricing despite other ferro grades seeing increases
• SMGR (Mn 25%) grades: No change from January 2026 levels
• SMGR (Mn 20%) grades: Pricing remains unchanged
• Metal Mandi Fines (DBF575 and MSF592): Continue at January 2026 rates
• EMD basic price: Maintained at Rs. 1,90,000 PMT

Strategic Pricing Framework

The price revisions reflect MOIL's regular business practice of monthly price fixation and adjustment for manganese ore products. The differentiated approach to pricing various grades indicates the company's strategy to optimize revenue across different market segments while maintaining competitiveness in specific product categories.

The 5% increase across most ferro and chemical grades suggests strengthening market conditions for these products, while the decision to maintain pricing for certain grades like SMGR (Mn 25% and Mn 20%) may reflect market dynamics specific to these lower-grade products.

Implementation Timeline

All price adjustments, whether increases or continuations, take effect from midnight of January 31, 2026/February 1, 2026. The pricing structure will remain in place for the month of February 2026 as part of the January-March 2026 quarter pricing framework.

This price revision announcement demonstrates MOIL's proactive approach to market-responsive pricing while balancing growth objectives with market competitiveness across its diverse manganese ore product portfolio.

MOIL Limited has secured a significant regulatory milestone with the Ministry of Steel's approval for its proposed joint venture with Madhya Pradesh State Mining Corporation Limited (MPSMCL). The approval marks a crucial step forward in the company's expansion strategy for manganese ore mining operations in Madhya Pradesh.

Ministry Approval Details

The company received official communication through letter no. S-17011(18)/10/2025-MOIL dated 29.01.2026 from the Ministry of Steel. The approval encompasses both the joint venture agreement and the formation of the joint venture company between MOIL Limited and MPSMCL.

Regulatory Framework and Next Steps

The Ministry's approval is subject to clearance from the Department of Investment and Public Asset Management (DIPAM). This additional regulatory step is standard for joint ventures involving government enterprises and ensures compliance with investment and asset management guidelines.

Previous Approvals and Timeline

The joint venture proposal has progressed through several approval stages:

• December 13, 2023: Board of Directors approved the draft joint venture agreement
• October 18, 2024: Board approved execution of the joint venture agreement
• January 29, 2026: Ministry of Steel granted approval

Strategic Significance

The joint venture represents MOIL's strategic expansion into Madhya Pradesh's manganese ore mining sector. As a Government of India enterprise, MOIL's partnership with the state-owned MPSMCL creates a collaborative framework for mineral resource development in the region.

Future Developments

MOIL Limited has indicated that further details regarding the joint venture will be submitted in due course. The company continues to work toward fulfilling the remaining regulatory requirements, particularly the DIPAM clearance, to complete the joint venture formation process.