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NMDC PENALTY
Chhattisgarh district imposes Rs 1,620 crore penalty on NMDC, miner contests levyChhattisgarh's Dantewada administration has fined the National Mineral Development Corporation (NMDC) Rs 1,620.5 crore for alleged mining l...- Mining royalty case: Setback for mining operators as SC rules states can impose levies retrospectivelyThe Supreme Court has ruled that states can collect past dues on royalty for mineral-bearing land from the Centre and mining companies star...
- Mining stocks like NMDC, Tata Steel fall up to 5% on SC royalty orderShares of PSU National Mineral Development Corporation (NMDC) were among the worst hit and were trading over 5% lower at Rs 212 on NSE, whi...
- Big electoral bond buyer Megha Engineering to sell city gas businessMegha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian ...
- PSUs get-off corporate governance norm violations with minor penaltiesA study of companies’ secretarial compliance reports shows at least a dozen public sector entities such as Power Grid Corp., NMDC, Oil Indi...
- India's NMDC halts operations at key iron ore mine after state government orderNMDC chairman N. Baijendra Kumar said he was unsure why Chhattisgarh had instructed it to halt operations. The 6 million tonnes per annum B...
- NMDC caught between Chhattisgarh and Centre's fight over Covid-19 donationsChief Minister Bhupesh Baghel has written to union steel minister, asking him to instruct the public-sector enterprise under his ministry t...
- NMDC's Donimalai iron ore mine gets temporary reliefThe NMDC’s top brass is keen to utilise the time available to pursue a dialogue with the state government.
- Buy NMDC, target Rs 135: Edelweiss SecuritiesNMDC is a largecap company, operating in mining sector.
- Karnataka steel makers to ask NMDC for cheaper oreSteel makers, under the aegis of Karnataka Iron Steel Manufacturers’ Association, say iron ore prices shot up almost 36% from a year ago, w...
- NMDC aims for 45 MT iron ore production in next fiscal: CMDThe PSU experienced hindrances in production in FY18, but is upbeat about the next fiscal year, and aims for 67 MT by 2022.
- With mines shutdown, NMDC may get more pricing powerAfter curbs on illegal mining in 2010, India’s ore production fell from 220 MT in FY10
- About 22% hike in iron ore prices to increase production cost of steelAfter the hike, experts said steel production costs are expected to jump at least Rs 1,100-Rs 1,300 per tonne, a substantial increase by in...
- Metal stocks such as Sesa Sterlite, JSPL slip ahead of SC ruling on coal blocksAhead of the verdict, metal stocks such as JSPL, Sesa Sterlite, NMDC, Jindal Steel, JSW Steel, Bhushan Steel slipped are down between 0.3-5...
- Resumption of mining in Karnataka hit by cash crunchAfter the SC allowed category A & B mines to resume operations in Karnataka three months ago, only 10-12 mines out of 117 have actually sta...
- Common CMD for NMDC, SAIL: Experts term arrangement against law, NMDC defendsCS Verma is the chairman of both SAIL and NMDC. NMDC officials rubbish any talk of anti-competitive practices pointing out that SAIL does n...
- Illegal Mining: NMDC eyes opportunity in Karnataka's 'illegal' ore minesThe country's largest iron ore producer NMDC is eying a major opportunity in the 'illegal' mines.
- SC panel wants government to cancel 49 mining leases; says mines violated license terms45 mines cleared of any wrong doing will be allowed to mine as soon as the ban is lifted while 72 other mines will resume only after they h...
- Supreme Court panel report on Bellary illegal mining in early FebruaryThe Supreme Court-appointed committee investigating illegal iron ore mining in Karnataka will be submitting its final report early next mon...
- Before knocking on WTO doors, India seeks talks with US on steel dutyIndia has decided to seek consultations with the US on the 'wrongful' imposition of penal duties on its steel exports.
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