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NMDC News

Centre invites bids for NMDC Steel stake sale

State-run mining major NMDC is setting up a 3 million tonne per annum NMDC Iron and Steel Plant (NISP) at…

December 2, 2022 05:50 IST

On November 19, 2022, the government removed the export duty on steel items and iron ore to nil, six months after imposition of the levy on May 21, 2022.

NMDC hikes lump ore, fines prices by Rs 300 per tonne

In the last price revision announced November 17, NMDC had fixed the rate of lump at Rs 3,800 per tonne…

November 30, 2022 17:03 IST

NMDC Rating: ADD | Post rise in export duty to 50%; NMDC cuts iron ore prices

Domestic prices have bottomed out and should recover with demand from 2HFY23E

September 19, 2022 03:30 IST

NMDC looks to mine lithium and cobalt in foreign lands

The company is planning offshore mining of copper, nickel and gold, Deb said.

August 12, 2022 15:39 IST

The company did not export during the quarter. In the first quarter of last fiscal, NMDC had reported its highest-ever sales at 9.5 MT.

NMDC Q1 profit down 54% on weak demand

The company had recorded Rs 3,193 crore net profit in Q1FY22. NMDC had reported record numbers in the first quarter…

August 6, 2022 02:15 IST

We trim earnings, FV to Rs 105 (from Rs 110) and revise rating to Reduce (from Sell).

NMDC rating: Reduce | Sales fell significantly in Q1FY23

FY23/24/25e Ebitda down 7/7/8%; rating revised to ‘Reduce’ from ‘Sell’ as margin headwinds are priced in.

July 18, 2022 00:00 IST

NMDC reduces iron ore prices by Rs 500 per tonne

For the first quarter of the current fiscal, NMDC’s sales declined by 20% year-on-year.

July 13, 2022 03:30 IST

NMDC sales plunge 40% in June, 20% in Q1

Buyers on the other hand, are in a wait-and-watch mode, hoping to correct the price further.

July 5, 2022 00:30 IST

NMDC’s Chhattisgarh steel plant to be operational in September

The steel ministry had asked NMDC to diversify and move up the value chain.

June 27, 2022 06:30 IST

The apex court was in “broad agreement” with the Union ministries of steel and mines that it was necessary to create a “level-playing field” for the mines situated in the three districts with others situated in the rest of the country.

Miners like Vedanta, NMDC to benefit: SC allows export of iron ore from Karnataka stocks

Permits sale of ore in three districts without e-auction

May 21, 2022 01:15 IST

NMDC and CIL likely to join SPV to acquire mineral assets overseas

KABIL at present is looking for Lithium and Cobalt in Chile, Bolivia and Argentina, and the process is in the…

March 23, 2022 08:21 IST

NMDC shares gain over 5% on buyback plan

NMDC shares gained as much as 5.26 per cent on Friday after the company informed bourses that the board of…

Updated: June 3, 2016 17:06 IST

Top 10 stocks that trended in today’s trade: IOC, BoB, Adani Ports and more

NMDC shares closed 14.10 per cent up at Rs 89.80 after the state-run iron ore miner posted 58.8 per cent…

Updated: February 15, 2016 17:38 IST

NMDC Q3 profit drops by 59 per cent to Rs 655 crore

State-run iron ore miner NMDC today posted 58.8 per cent decline in standalone net profit at Rs 655.04 crore for…

February 12, 2016 21:42 IST

NMDC expects demand for iron-ore to increase in second-half of this fiscal

After facing a challenging environment, National Mineral Development Corporation Ltd (NMDC Ltd) expects the demand for steel to increase during…

September 29, 2015 18:17 IST

Need government support to check iron ore imports: NMDC

State-owned miner NMDC has said it needs government support in terms of allocation of iron ore mines to check increasing…

September 16, 2015 11:23 IST

NMDC, NMDC Iron, NMDC iron ore, NMDC share price

NMDC shares fall over 4% post weak Q1 results

NMDC shares fell over 4 per cent intraday after the state-owned iron ore miner announced disappointing Q1 numbers for June…

Updated: August 12, 2015 16:44 IST

Subdued demand hits NMDC Q1 net profit; falls 47% to Rs 1,010 crore

Country’s top iron ore miner NMDC today reported a massive 47 per cent decline in its net profit at Rs…

August 11, 2015 21:23 IST

NMDC to soon finalise land in West Singhbhum for Jharkhand plant

Country’s top iron ore miner NMDC may soon secure 3,000-acre land in Jharkhand’s West Singhbhum district for its proposed 6…

August 9, 2015 14:13 IST

NMDC banks on Modi’s visit to Kazakhstan

India’s largest iron ore miner NMDC is banking on government-to-government understanding for exploring greenfield mining projects in Kazakhstan…

June 18, 2015 01:20 IST

Lower sales drag NMDC profit 31% to Rs 1,347 crore

Iron ore major NMDC has reported a 31% fall in net profit to Rs 1,347 crore for the quarter ended…

May 29, 2015 00:47 IST

NMDC Q4 net falls 31 pct; plans Rs 3,500 cr capex for FY16

State-run NMDC is planning a capex of Rs 3,500 crore for the current financial year even as the company reported…

May 28, 2015 21:33 IST

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From Bank of India to DCB Bank, check out the top 10 midcap losers of 2015

Midcap stocks are set to end the year 2015 with gains of over 6 per cent. The Nifty Midcap 100…

December 31, 2015 15:44 IST

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