India's Moil jumps after hiking prices of key manganese ores

Moil

02/07/2025 06:30

** Shares of Moil MOIL.NS rise as much as 2.56% to 394.6 rupees apiece

** Manganese ore producer hikes prices of all Ferro grades of manganese ores by 2%, effective July 1

** State-owned miner also hikes the price of all chemical grades of manganese ores while keeping the prices of silico manganese grade raw ore unchanged

** Higher ore prices to aid MOIL's revenue growth

** MOIL up 16.1% YTD, outpacing 3.8% drop in Nifty microcap 250 index .NIFTYMICROCAP250

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))