"The company has fixed/revised price of various grade of manganese ore for 4th quarter (January-March, 2016) effective from January 1, 2017," MOIL said in a filing to BSE.
The prices have been hiked by 10 per cent with effect from January 1, on the existing prices since December 12, 2016 of all ferro grades of ore, it said.
"The prices have been increased...By 15 per cent on all grades of SMGR (Mn 30 pc) and SMGR Low (Mn 25 pc) on the prevailing prices since December 1, 2016. The prices have been increased...By 15 per cent on all grades of fines on the prevailing prices since December 1, 2016," it said.
"The prices have been increased...By 15 pc of Electrolytic Manganese Dioxide on the prevailing prices...," it said.
MOIL produces and sells different grades of manganese ore. At present, the company operates 10 mines, six located in Nagpur and Bhandara districts of Maharashtra and four in Balaghat district of Madhya Pradesh.