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NMDC STEEL MD
NMDC Steel to break even this year, says CMDNMDC Steel is expected to break-even this financial year, according to chairman Amitava Mukherjee. The company, demerged from NMDC in 2022,...- JSW Steel MD on lowering debt, eyeing Vedanta’s mining assets & more“We expect better numbers in spite of the fact that we will merge JSW Ispat. Necessary approvals have been obtained and we would merge it i...
- NMDC to divest at least 50% in Chhattisgarh plantOn the exact quantum of divestment in Nagarnar steel plant being proposed, he said: “The consultants are working on it and it will be decid...
- Steel cos see hope as Centre amends mining lease ruleThe Hyderabad-based NMDC has been struggling since November last year when its 20-year lease of Donimalai mines in Ballari district expired.
- NMDC's upcoming steel unit in Bastar receives first rake of imported coalWith these two developments, NMDC said it is looking forward to starting production at the Nagarnar Steel Plant by July 2019.
- NMDC, Karnataka steelmakers clash over iron ore ratesNMDC has cut production in Karnataka after companies, including JSW Steel which buys 90% of its output, stopped purchases at the state’s ir...
- Steel companies upset over hike in iron ore pricesIt is slated to affect both large steel majors who do not own captive iron ore mines as well as smaller and medium steel firms.
- NMDC ups iron ore prices after Odisha mine closuresIndia was once the world's largest exporter of iron ore, shipping out a record of more than 117 million tonnes in the fiscal year through M...
- Steel players up in arms against alleged price fixing of iron ore in KarnatakaLarge steel players like JSW Steel, Mukand Steel, and BMM Ispat are up in arms against alleged pricing fixation of iron ore in Karnataka.
- JSPL eyes majority stake in NMDC's upcoming Rs 15,000 crore steel plantNMDC’s foray into steelmaking by building a steel plant in the Maoist-infested, but mineral-rich region of Bastar, Chhattisgarh, was led by...
- NMDC e-auction for iron ore lumps finds few takers as 90% remain unsoldIn half a dozen e-auctions held recently, NMDC has found that almost 93% of iron ore lumps they've offered for bids found no takers.
- NMDC’s ore pricing policy has Steel Companies up in armsNMDC has been raising prices for domestic customers even as prices have been coming down globally over the past few months.
- NMDC's move to increase iron ore prices irks steelmakersThe iron ore miner increased contract prices for the July-September quarter by 8-13%, cashing in on an artificial shortage created by regul...
- NMDC customers cry foul as company raises iron ore price steadilySteel makers dependent on iron ore from National Mineral Development Corporation (NMDC) are crying foul about the state miner's continued p...
- NMDC's iron ore rate hikes irk steel manufacturersSteel manufacturers dependent on iron ore from NMDC are crying foul about the continued price increases even as international prices have t...
- Shares of mining cos up on expectations mining ban in Karnataka may be liftedShares of mining companies were up on buying momentum on expectations that the ban on mining iron ore may be lifted by month end.
- NMDC, Severstal joint venture plan delayedNMDC will sign a joint venture agreement with Russia's Severstal next year to set up a three million-tonne steel plant in Karnataka.
- Iron ore shortage: JSW Steel to run units at 80% capacityJSW Steel will operate its steel units in Karnataka and Tamil Nadu at 80% capacity of 11 mn tonnes per annum due to shortage of iron ore
- NMDC net falls 40% to Rs 860 cr on supply woesState-run NMDC on Sunday reported a 40% fall in its net profit at Rs 860 crore in the October-December quarter, mainly on account of supply...
- RINL, NMDC explore merger optionRINL, which owns Vizag Steel plant, and NMDC, the country’s largest mining company, are exploring a possible merger.
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