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MOIL Revises Manganese Ore Prices for March 2026; Most Grades Up by 2% to 10%
MOIL Limited has announced a revision in the prices of various grades of Manganese Ore effective from March 1, 2026. Most Ferro and Chemical grades have seen a price hike of 2%, while specific grades like BGL509 and UKF532 witnessed a significant 10% increase. Conversely, the company has reduced the price of Electrolytic Manganese Dioxide (EMD) by Rs. 10,000 per metric ton. These monthly price adjustments are standard practice for the company to align with market demand and international price benchmarks.
Key Highlights
Prices of all Ferro grades (Mn 44% and above) and Chemical grades increased by 2% effective March 1, 2026.
SMGR (Mn 30%) prices hiked by 2%, while SMGR (Mn 25%) and Fines prices remain unchanged.
Specific grades BGL509 and UKF532 saw a sharp price increase of 10% compared to February levels.
Basic price of Electrolytic Manganese Dioxide (EMD) decreased by Rs. 10,000 per MT to Rs. 1,80,000 per MT.
Price revisions are based on the prevailing rates since February 1, 2026, and apply to the Jan-Mar 2026 quarter.
💼 Action for Investors
The upward revision in most ore grades is a positive indicator for MOIL's margins and revenue for the final month of the fiscal year. Investors should monitor global manganese price trends and domestic steel demand as they directly influence MOIL's monthly pricing power.
MOIL Announces 5-10% Price Hike for Various Manganese Ore Grades for February 2026
MOIL Limited has announced a price revision for various grades of Manganese Ore effective from February 1, 2026. Most Ferro grades, SMGR (30%), Fines, and Chemical grades have seen a price increase of 5% over January 2026 levels. Notably, the UKF532 grade saw a higher increase of 10%, while the price for Electrolytic Manganese Dioxide (EMD) remained steady at Rs. 1,90,000 per metric tonne. These price hikes are expected to positively impact the company's realizations and profit margins for the final quarter of the fiscal year.
Key Highlights
Prices of all Ferro grades with Manganese content of 44% and above increased by 5%.
SMGR (Mn-30%), Fines, and all Chemical grades saw a price hike of 5%.
Metal Mandi Fines grade UKF532 received a significant price increase of 10%.
Basic price of Electrolytic Manganese Dioxide (EMD) maintained at Rs. 1,90,000 per metric tonne.
Prices for SMGR (Mn 25% and 20%) and specific Ferro grade BG4584 remained unchanged from January levels.
💼 Action for Investors
Investors should monitor these price hikes as they directly contribute to improved revenue and margins for MOIL. The upward revision suggests healthy demand in the steel and alloy sectors, making the stock a positive watch for the upcoming quarter.
MOIL Wins GST Appeal; Rs 55-58 Crore Tax Liability Quashed
MOIL Limited has received a favorable ruling from the Commissioner (Appeals), CGST & Central Excise, Bhopal, regarding a significant tax dispute. The appellate authority set aside a previous order that demanded GST under the reverse charge mechanism on payments made to the Madhya Pradesh Mining Department. This ruling effectively quashes a total risk exposure of approximately Rs. 55 to 58 Crore, which included tax, penalties, and interest. As of now, no liability remains for the company in this matter, providing significant financial relief.
Key Highlights
Appellate authority quashed a GST demand of Rs. 20.29 Crore.
An equivalent penalty of Rs. 20.29 Crore has also been set aside by the authority.
Estimated interest of Rs. 15-18 Crore is no longer payable, totaling a relief of Rs. 55-58 Crore.
The dispute related to GST on MPGATSVA under the reverse charge mechanism (RCM) for the Mining Department of MP.
No liability survives as on date, though the decision is subject to further appeal by the Department.
💼 Action for Investors
This is a positive development as it eliminates a significant contingent liability from MOIL's books. Investors should maintain their positions while keeping an eye on whether the tax department files a further appeal in higher tribunals.
MOIL Hikes Manganese Ore Prices by 5% to 10% for February 2026
MOIL Limited has announced a price hike for various grades of Manganese Ore effective February 1, 2026. Most major categories, including high-grade Ferro, Chemical, and SMGR (30%) grades, have seen a price increase of 5% compared to January 2026 levels. Additionally, a significant 10% hike was implemented for the UKF532 grade of Metal Mandi Fines. Prices for Electrolytic Manganese Dioxide (EMD) remain stable at Rs. 1,90,000 per metric tonne, while some lower-grade ores saw no price change.
Key Highlights
5% price increase for Ferro grades (Mn-44% and above) and all Chemical grades.
SMGR (Mn-30%) and Fines grades prices hiked by 5% effective February 1, 2026.
UKF532 Metal Mandi Fines witnessed a sharp price increase of 10%.
EMD basic price maintained at Rs. 1,90,000 per metric tonne for the month.
Prices for SMGR (Mn-25% and Mn-20%) remain unchanged from January levels.
💼 Action for Investors
Investors should view these price hikes as a positive driver for MOIL's margins and revenue realization in the final quarter of FY26. The stock remains a key play on manganese demand and global commodity pricing trends.
MOIL Receives Ministry Approval for JV with MPSMCL for Manganese Mining in Madhya Pradesh
MOIL Limited has received formal approval from the Ministry of Steel to establish a Joint Venture (JV) with the Madhya Pradesh State Mining Corporation Limited (MPSMCL). This approval follows clearance from the Department of Investment and Public Asset Management (DIPAM), marking a significant step in formalizing the partnership. The JV is dedicated to manganese ore mining within the state of Madhya Pradesh, a core operational area for MOIL. This move is expected to strengthen MOIL's resource pipeline and long-term production capacity through strategic state-level collaboration.
Key Highlights
Ministry of Steel approved the JV formation via letter dated January 29, 2026.
The JV is a partnership between MOIL Ltd. and Madhya Pradesh State Mining Corporation Limited (MPSMCL).
Clearance for the JV agreement was obtained from the Department of Investment and Public Asset Management (DIPAM).
The primary focus of the new entity will be manganese ore mining in Madhya Pradesh.
This follows preliminary board approvals previously recorded in December 2023 and October 2024.
💼 Action for Investors
Investors should view this as a positive development for MOIL's long-term volume growth and resource security. Monitor upcoming disclosures for details on the JV's equity structure and specific mining lease allocations.
MOIL Declares ₹3.53 Interim Dividend; Q3 Net Profit Declines 17% YoY to ₹52.9 Crore
MOIL Limited has declared a second interim dividend of ₹3.53 per equity share for FY 2025-26, with a record date of February 5, 2026. The company's Q3 FY26 net profit fell 16.9% year-on-year to ₹52.92 crore, down from ₹63.68 crore in the previous year. Revenue from operations also saw a marginal decline of 1.9% YoY to ₹359.91 crore. For the nine-month period ending December 2025, the net profit witnessed a significant drop to ₹174.87 crore from ₹265.99 crore in the corresponding period last year.
Key Highlights
Declared 2nd Interim Dividend of ₹3.53 per share with a record date of February 5, 2026.
Q3 FY26 Net Profit stood at ₹52.92 crore, a 16.9% decline compared to ₹63.68 crore in Q3 FY25.
Revenue from operations for the quarter was ₹359.91 crore versus ₹366.82 crore YoY.
Nine-month FY26 net profit dropped 34.2% to ₹174.87 crore from ₹265.99 crore.
Mining products segment contributed the bulk of revenue at ₹341.34 crore for the quarter.
💼 Action for Investors
While the dividend provides a steady yield, the declining profitability over the nine-month period is a concern. Investors should monitor manganese ore price trends and the company's cost management in upcoming quarters.
MOIL Q3 FY26 Net Profit Falls 17% YoY to ₹52.92 Cr; Declares ₹3.53 Interim Dividend
MOIL Limited reported a 17% year-on-year decline in net profit to ₹52.92 crore for the quarter ended December 31, 2025, compared to ₹63.68 crore in the previous year. Revenue from operations also saw a marginal dip to ₹359.91 crore from ₹366.82 crore YoY. Despite the earnings pressure, the company declared a second interim dividend of ₹3.53 per equity share for FY 2025-26. The nine-month performance shows a more significant profit contraction of 34%, falling to ₹174.87 crore from ₹265.99 crore, indicating sustained margin pressure.
Key Highlights
Net profit for Q3 FY26 declined 17% YoY to ₹52.92 crore from ₹63.68 crore.
Revenue from operations for the quarter stood at ₹359.91 crore, down from ₹366.82 crore YoY.
Declared a second interim dividend of ₹3.53 per share with a record date of February 5, 2026.
Nine-month FY26 net profit dropped 34% to ₹174.87 crore compared to ₹265.99 crore in the same period last year.
Mining segment remains the primary revenue driver, contributing ₹341.34 crore to the quarterly top line.
💼 Action for Investors
Investors should monitor the declining profitability and revenue trends over the nine-month period, which suggest rising operational costs or pricing pressures. While the dividend yield remains attractive for long-term holders, the stock may face short-term pressure due to the weak earnings growth.
MOIL Sets February 5, 2026, as Record Date for 2nd Interim Dividend FY26
MOIL Limited has fixed February 5, 2026, as the record date to determine shareholder eligibility for its second interim dividend of FY 2025-26. The formal declaration and the specific dividend amount per share will be decided in the upcoming Board Meeting scheduled for January 30, 2026. This announcement follows the company's practice of regular dividend payouts, which is typical for a PSU. Investors need to ensure they hold the stock prior to the ex-dividend date to receive the payment.
Key Highlights
Record date for 2nd Interim Dividend for FY 2025-26 is February 5, 2026
Board Meeting to declare the dividend amount is scheduled for January 30, 2026
The dividend is subject to board approval during the month-end meeting
Compliance submitted under Regulation 42 of SEBI Listing Obligations
💼 Action for Investors
Investors should monitor the January 30 board meeting outcome for the dividend quantum. To be eligible for the payout, shares must be purchased at least one day prior to the ex-dividend date.
MOIL Appoints Vishwanath Suresh as Chairman & Managing Director till August 2030
MOIL Limited has appointed Shri Vishwanath Suresh as its new Chairman-cum-Managing Director effective January 7, 2026. The appointment, directed by the Ministry of Steel, will last until his superannuation on August 31, 2030. Mr. Suresh brings over 30 years of experience in the mining and manufacturing sectors, having previously served as Director (Commercial) at NMDC Limited and in senior roles at SAIL. This leadership transition provides the company with a seasoned professional to guide its strategic and commercial operations.
Key Highlights
Shri Vishwanath Suresh assumed the role of Chairman-cum-Managing Director on January 7, 2026
The appointment is valid until his superannuation date of August 31, 2030
Mr. Suresh previously held the position of Director (Commercial) at NMDC Limited
He brings over three decades of experience in sales, marketing, and strategic management in the steel and iron ore sectors
He is an alumnus of NIT Rourkela and holds an MBA in Marketing along with a certification from IIM Kozhikode
💼 Action for Investors
Investors should view this as a positive development for leadership stability. Monitor the company's operational performance and production growth under the new CMD's tenure.
MOIL Reports Record Q3 Production of 4.77 Lakh Tonnes, Up 3.7% YoY
MOIL Limited has achieved its highest-ever production for both the third quarter and the first nine months of FY 2025-26. In Q3 FY26, the company produced 4.77 lakh tonnes of manganese ore, representing a 3.7% increase compared to the same period last year. For the nine-month period ending December 2025, total production reached 14.21 lakh tonnes, marking a 6.8% year-on-year growth. This performance is attributed to enhanced mechanization and improved operational discipline across its mining units.
Key Highlights
Achieved record Q3 FY26 manganese ore production of 4.77 lakh tonnes
Q3 production grew by 3.7% compared to the corresponding period last year
Recorded best-ever nine-month production of 14.21 lakh tonnes for Apr-Dec FY26
Nine-month production volume increased by 6.8% year-on-year
Growth driven by focused mine planning and increased mechanization
💼 Action for Investors
Investors should view this record production as a sign of strong operational efficiency and volume growth. The focus should now be on whether these higher volumes translate into improved financial margins in the upcoming Q3 earnings report.
MOIL Revises Manganese Ore Prices for Jan 2026; Ferro Grades Up 3%, SMGR 30% Up 5%
MOIL Limited has announced a revision in the prices of various grades of Manganese Ore effective from January 1, 2026. The company has increased prices for high-demand Ferro grades by 3% and SMGR (Mn 30%) by 5%. However, prices for lower-grade SMGR (Mn 25% and 20%) have been reduced by 5% and 10% respectively. Additionally, the price of Electrolytic Manganese Dioxide (EMD) was cut by Rs. 5,000 per metric tonne to Rs. 1,90,000.
Key Highlights
Prices of all Ferro grades (Mn 44% and above, and below 44%) increased by 3% effective Jan 1, 2026
SMGR (Mn 30%) and Fines grades prices hiked by 5% compared to December 2025 levels
Significant 10% price increase for Metal Mandi Fines (UKF532, DBF575, and MSF592)
Price reductions of 5% and 10% implemented for lower-grade SMGR (Mn 25% and Mn 20% respectively)
EMD basic price decreased by Rs. 5,000 PMT to a new rate of Rs. 1,90,000
💼 Action for Investors
The price hikes in high-grade manganese ore suggest healthy demand and should support MOIL's margins in the Jan-Mar quarter. Investors should monitor if these price increases are sustained throughout the quarter to gauge impact on bottom-line growth.
MOIL CMD Ajit Kumar Saxena Retires Effective January 1, 2026
MOIL Limited has announced the cessation of Shri Ajit Kumar Saxena as the Chairman-cum-Managing Director (CMD) of the company. The departure is effective from January 1, 2026, following his retirement on December 31, 2025. As a Public Sector Undertaking, the transition is due to the official age of superannuation. Investors should look for the Ministry of Steel's announcement regarding the appointment of a successor to lead the manganese ore producer.
Key Highlights
Shri Ajit Kumar Saxena ceased to be the CMD effective January 1, 2026
The retirement follows the official age of superannuation reached on December 31, 2025
The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations
MOIL is a Government of India Enterprise under the Ministry of Steel
💼 Action for Investors
This is a routine administrative retirement. Investors should monitor for the appointment of a new CMD to ensure continuity in the company's production and expansion targets.