NMDC’s September quarter net profit down 21%
11 years, 5 months ago

NMDC’s September quarter net profit down 21%

Live Mint  

New Delhi: NMDC, the country’s largest producer of iron ore, posted a 21.5% year-on-year drop in net profit for the quarter ended 30 September to ₹ 1,318 crore due to lower price of this raw material for steel. Verma said that with steel demand in the country expected to grow by 6% in the current fiscal, there would be a spurt in demand for iron ore. “Prices are firming up but I don’t see any violent increase or decrease in the future,” verma said at a press conference. NMDC had raised the price of both lumps and fines of iron ore in the current month by ₹ 100 per tonne for the first time in the past one year. The current price of the iron ore is ₹ 4,300 per tonne while fines are prised at ₹ 2,610 per tonne.

Ore Iron Ore Net Profit  tonne  profit  21  crore  net  nmdc  nmdcs  current  verma  ore  iron  price  quarter

History of this topic

NMDC shares rise 2% after interim dividend announcement. Check details
1 week ago

NMDC shares rise 2% after interim dividend announcement. Check details

India Today  

Shares of NMDC gained in early trade on Tuesday after the company announced an interim dividend of Rs 2.30 per share for the financial year 2024-25. In a filing to the exchanges, NMDC said, "The Board of Directors of the Company in its meeting held on Monday, 17th March 2025, inter alia declared the 1st Interim Dividend of Rs 2.30 …

NMDC share price drops 3.5% as Kotak institutional slashes target price to ₹55
1 week, 6 days ago

NMDC share price drops 3.5% as Kotak institutional slashes target price to ₹55

Live Mint  

Continuing their bearish trend for the second consecutive trading session, shares of NMDC, India’s largest iron ore producer, fell another 3.5% in today's intraday trade on March 11, to ₹63.71 apiece. The cut in target price follows a decline in iron ore prices, driven by an increasing market surplus for seaborne iron ore and rising supply pressure in India with …

NMDC’s iron ore output rose 18% in February on flat sales
3 weeks, 2 days ago

NMDC’s iron ore output rose 18% in February on flat sales

The Hindu  

State-owned iron ore miner NMDC reported an almost 18% increase in production to 4.62 million tonne for February from the 3.92 MT a year earlier. “Consistent growth like this is an outcome of an efficient mining ecosystem driven by an innovative and ingenious spirit. NMDC has committed to build a 100 MT iron ore mining capacity by 2030 and towards …

NMDC Q3 Results: Consolidated net profit rises 29 % year on year to ₹1897 crore
1 month, 2 weeks ago

NMDC Q3 Results: Consolidated net profit rises 29 % year on year to ₹1897 crore

Live Mint  

Q3 Results- NMDC Ltd reported consolidated net profit at ₹1,896.66 during the quarter ending December 2024 marked a sharp rise of 29.05 % compared to ₹1,469.73 crore reported during the same quarter last year The country's largest and state owned iron-ore producer saw its revenues from operations at ₹6,567.83 crore in Q3FY24 rise strong 21% year on year over ₹5,409.90 …

NMDC slashes iron ore prices by ₹350 a tonne
2 months, 2 weeks ago

NMDC slashes iron ore prices by ₹350 a tonne

The Hindu  

State-owned miner NMDC has reduced iron ore prices by ₹350 per tonne, for both lump and fines, effective January 9. Consequently, lump ore costs ₹6,000 per tonne and same quantity of fines ₹5,060, the company on Thursday said in filing on price of the commodity from its Baila mine. In the previous price revision on October 23, NMDC had increased …

Mining and steel firms in a limbo on tax uncertainty and weak prices
2 months, 3 weeks ago

Mining and steel firms in a limbo on tax uncertainty and weak prices

Live Mint  

Mining and steel companies are caught between a rock and a hard place. A lingering concern is that the Karnataka Tax Bill 2024—which proposes to impose tax on a retrospective basis from 2005 and rates up to 3x the existing royalty rate—could significantly erode their profitability. The casualties are NMDC Ltd and Vedanta Ltd, the mining companies, and JSW Steel …

NMDC Q2 Results: Net profit rises 17% YoY to ₹1,196 crore; board approves 2:1 bonus share issue
4 months, 1 week ago

NMDC Q2 Results: Net profit rises 17% YoY to ₹1,196 crore; board approves 2:1 bonus share issue

Live Mint  

NMDC Q2 Results: National Mineral Development Corporation Limited announced its July to September quarter results on Monday, November 11. The company recorded nearly a 17 per cent rise in net profits at ₹1,195.63 crore for the second quarter of the financial year 2024-25, compared to ₹1,024.86 crore in the same quarter the previous year, according to the BSE filing on …

August NMDC iron ore output, sales slide
6 months, 3 weeks ago

August NMDC iron ore output, sales slide

The Hindu  

Mining major NMDC reported iron ore production for August declined almost 10% year on year and sales by more than 11%. Production of the key raw material for steel stood at 3.07 million tonne compared to 3.41 MT in the year earlier period, while sales totalled 3.14 MT, the State-owned company said in a filing on the provisional numbers for …

NMDC share price rises 73% in last one year. Should you Buy, Sell or Hold ?
1 year, 2 months ago

NMDC share price rises 73% in last one year. Should you Buy, Sell or Hold ?

Live Mint  

NMDC Share price after gaining almost 73% in last one year also scaled 52 week highs on Tuesday. NMDC iron-ore production at 4.48 mt during December 2023 grew 24% y-o-y taking total production during first nine months of FY24 to 31.79mt which is an increase of 18% over last year same period.\ The rising steel production and demand in the …

Hindustan Zinc Q3 net profit at ₹2,156 crore; co declares dividend of ₹13
2 years, 2 months ago

Hindustan Zinc Q3 net profit at ₹2,156 crore; co declares dividend of ₹13

Live Mint  

Hindustan Zinc, a subsidiary of Vedanta, on Thursday reported a consolidated net profit of ₹2,156 crore for the December quarter, which is 20% lower than ₹2,701 crore reported in the year-ago period. “Hindustan Zinc delivered best-ever 9 months refined metal on the back of highest ever mined metal. In FY22, we reached the one million tonne mined metal landmark, and …

NMDC Hikes Iron Ore Prices by Rs 200 Per Tonne
4 years, 5 months ago

NMDC Hikes Iron Ore Prices by Rs 200 Per Tonne

News 18  

The country's largest iron ore miner NMDC on Thursday increased rates of the mineral by Rs 200 to Rs 3,450 a tonne with immediate effect. In a BSE filing, NMDC said it has increased the price of lumps or high-grade iron ore by Rs 200 to Rs 3,450 per tonne, and that of iron ore fines or inferior grade ore …

NMDC slashes iron ore prices by Rs 50 per tonne; new rates are effective from 14 March
5 years ago

NMDC slashes iron ore prices by Rs 50 per tonne; new rates are effective from 14 March

Firstpost  

New Delhi: The country’s largest iron ore miner NMDC has slashed prices of lump ore and fines by Rs 50 per tonne. NMDC has reduced the price of lumps or high-grade iron ore by Rs 50 to Rs 3,150 per tonne, the company informed the BSE on Monday. The price of iron ore fines, which are inferior grade ore, has …

NMDC clocks record sales, production in FY’14
10 years, 11 months ago

NMDC clocks record sales, production in FY’14

The Hindu  

Buoyed by higher demand from domestic steel makers, sales and production of state-owned iron ore miner NMDC touched a record high of over 30 million tonnes in 2013-14. Production of the key steel-making raw material rose by 11.31 per cent over the previous fiscal to 30.1 MT, said a source at the country’s largest iron ore miner. Similarly, sales rose …

NMDC price band fixed at Rs.145-150
12 years, 3 months ago

NMDC price band fixed at Rs.145-150

India TV News  

New Delhi, Dec 11: The Central Government, on Monday, fixed a price band of Rs.145-150 per share for its stake sale of 10 per cent in NMDC on the stock exchanges on Wednesday that could fetch up to Rs.5,947 crore. It will hit the markets on Wednesday,” a source in the know told PTI.The offer may fetch a maximum of …

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