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MOIL Limited Capital/Financing Update 2020

Mar 1, 2020

61480_rns_2020-03-01_cdd59921-36b3-45bc-87da-a4847b43d6ab.pdf

Capital/Financing Update

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MOIL LIMITED

(A Government of India Enterprise) Regd. Off.: MOIL Bhawan, 1A Katol Road, Nagpur – 440 013

Website: www.moil.nic.in, E-Mail ID: [email protected], Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: L99999MH1962GOI012398

CS/NSE-BSE/2019-20/ Date 01.03.2020

To,
The GM (Listing),
National Stock Exchange of India Ltd,
Exchange Plaza, Plot No.C-1, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai– 400053
To,
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 400001

Sub: Information relating to fixation of price of different grades of Manganese Ore for 4[th] Quarter 2019-20 (January-March’2020) effective from 01.03.2020

Stock Code: NSE – MOIL BSE - 533286

Dear Sir/Madam,

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that in line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.03.2020 as under.

  • (1) The prices of all Chemical grades viz DB2320, DB3385, DB3494, DB4546 and DB4547 have been reduced by about 5% on the prices prevailing since 01.02.2020.

  • (2) The price of Balaghat Fines (BGF534 – Mn 27%) has been reduced by about 10% on the price prevailing since 01.02.2020.

  • (3) Prices of all other grades of Manganese ore i.e. Ferro grades, SMGR grades (Mn-30% & Mn-25%) and other grades of Fines remain unchanged.

This is for your kind information please.

Thanking you,

Yours faithfully,

For MOIL Limited

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N. D. Pandey (Company Secretary & Compliance Officer)