NMDC hikes iron ore prices by up to 11.1% effective April 5In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented producti...
India rejects iron ore miner NMDC's proposal for China exports: SourcesThe government has instead asked NMDC, India's largest state-owned iron ore miner, to focus on domestic sales, said the sources who didn't ...
LIC pares stake in NMDC for about Rs 705 croreLIC said its holding in NMDC has decreased from 13.69% to 11.69% between December and March. Apart from NMDC, LIC has also diluted its stak...
NMDC April-February output jumps 26 pc; sales up 25.5 pcNMDC CMD Sumit Deb said, "With an overwhelming performance this month, NMDC remains an iron and steel powerhouse and this success is attrib...
Govt to sell up to 7.49% equity in NMDC Ltd through OFSThe proceeds from the sale will take the government towards the target of Rs 1.75 lakh crore set for FY22.
NMDC sees 13% rise in production in July, sales grow 7%NMDC achieved a production of 2.19 million tonne (MT) and sales 2.57 MT during the month under review, despite the current uncertain situat...
NMDC, India's largest domestic miner, reports 18% drop in sales in FebruaryHowever, NMDC’s cumulative sales up to February 2020 was marginally higher at 28.90 mt against sales of 28.80 mt in April-February 2019, ac...
Buy NMDC Ltd, price target Rs 140: Sagar DoshiThe analyst suggested a stop loss at Rs 120.
NMDC posts 21% rise in Q1 profit at Rs 1,179 croreTotal income went up to Rs 3386.56 crore in the quarter under review an increase of 33% over Rs 2547.13 crore in the same period last year.
NMDC slashes iron ore prices by 5-10% for FebruaryThe country's largest producer of steelmaking raw material, NMDC rolled over the December price in January at Rs 4,200 per tonne for lumps.
NMDC slashes iron ore pricesGlobal iron ore prices have nosedived to five-year low at around $70 per tonne mainly because of subdued demand from China, the largest pro...
NMDC clocks record sales, production in FY'14Production 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 ...
NMDC's April-February sales up 17% to 27.43 million tonnesThe country's largest producer of the key steel-making input had sold 23.43 million tonnes of iron ore in the same period last year.
NMDC suffers Rs 746-cr revenue loss during 2007-10: CAGThe government auditor also said by extending unwarranted reduction in price, NMDC had passed Rs 600.83 crore benefit to customers during 2...
NMDC base price fixed at Rs 147 per share, Rs 5,828 cr eyedThe government on Tuesday fixed Rs 147 a share as the base price-- a 7.7 per cent discount at market rate-- for sale of its 10 per cent sta...
Government may disinvest 10 per cent equity in NMDC this weekAt present, the government holds 90% stake in NMDC. As of March 31, 2012, the state-owned iron ore miner had a paid-up equity capital of Rs...
- Govt appoints 5 merchant bankers Citigroup, Goldman Sachs, Enam Sec, Merrill Lynch & ICICI Sec for NMDC disinvestment
The government has appointed five merchant bankers for selling its 10 per cent stake in the country's largest iron ore miner NMDC.