NMDC clocks record sales, production in FY’14
11 years 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 16.22 per cent to 30.8 MT in 2013-14, from 26.5 MT on higher demand of the raw material from domestic steel makers, he said. During the April-February period of last fiscal ended March 31, NMDC’s sales rose 17 per cent to 27.43 MT.

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History of this topic

NMDC’s iron ore output rose 18% in February on flat sales
1 month 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 plans over ₹70,000 cr. capex to double production to 100 MT by 2030
2 months ago

NMDC plans over ₹70,000 cr. capex to double production to 100 MT by 2030

The Hindu  

State-owned miner NMDC will invest more than ₹70,000 crore over the next five years on augmenting production to 100 million tonnes, building evacuation infrastructure and transforming the digital ecosystem. We are looking at a capital expenditure of approximately ₹70,000 crore,” CMD Amitava Mukherjee told a vendor meet the iron ore producer hosted in Hyderabad on Tuesday. Collaborative mode The company …

August NMDC iron ore output, sales slide
7 months 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 …

Stocks to Watch: HDFC twins, Indigo, Glenmark, Hero Moto, NMDC
2 years, 8 months ago

Stocks to Watch: HDFC twins, Indigo, Glenmark, Hero Moto, NMDC

Live Mint  

Here is the list of top 10 stocks that will be in focus on Monday: HDFC Bank/HDFC: The bank and its parent iinched closer to the merger process as stock exchanges give thumbs up to their amalgamation scheme. Maruti Suzuki: Betting big on green technologies, the auto major plans to have strong hybrid technology across its model range in the …

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’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 …

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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