NMDC Share

India's steel sector gains from Chinese production cuts, resilient domestic demand and export momentum, though near-term margins face seasonal weakness and input cost pressure

NMDC stock price has been forming higher tops and higher bottoms on the daily chart.

The northward move in the NMDC share price came on the back of the news that it has announced an interim dividend of Rs 2.30 per share for the financial year 2024-25

NMDC bonus shares: The deemed date of allotment shall be Monday, December 30, 2024

The decline in NMDC share followed reports suggesting that the Karnataka government is considering an increase in the duty on iron ore

The Nifty Metal index, the top loser among sectoral indices, was down 2 per cent, as compared to the 0.35 per cent rise in the Nifty 50, at 9:53 AM.

The company's transition from 45 MT to 100 MT by 2030 is ambitious yet rooted in sustainability and innovation, said Amitava Mukherjee, the company's CMD

The country's largest iron ore miner NMDC on Thursday said it is pursuing mining opportunities for critical minerals abroad which includes lithium block in Australia. Critical minerals such as copper, lithium, nickel and cobalt are important components in rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles. "NMDC is... pursuing overseas mining opportunities for critical minerals like lithium, cobalt, and nickel through its subsidiary, Legacy India Iron Ore Ltd, which includes lithium mining operations in Australia," the company said in a statement. NMDC is also preparing to begin the production of its eight million tonnes of coking coal block by December next year. This move aims to reduce the country's reliance on the import of coking coal. NMDC is set to nearly double its production capacity to 100 million tonnes (MT) by 2030. This ambitious expansion will significantly enhance the company's infrastructure, operations, an

NMDC spent Rs 400 crore on capex in Q1 against the annual target of Rs 2,200 crore for FY25

The Supreme Court ruled in favor of the State governments' authority to levy taxes on mineral rights.

Profit for the country's largest state-owned iron ore miner swelled 20% from a year earlier to Rs 1,984 crore (about $236 million) for the three months ended June 30

Country's largest iron ore miner NMDC has reported a 37 per cent fall in its production at 2.34 million tonnes (MnT) in May 2024. It had produced 3.71 MnT of iron ore in the same month last year, the company said in an exchange filing on Saturday. NMDC's monthly sales also declined by 22 per cent to 2.82 MnT in May this year from 3.62 MnT in May 2023. The company's cumulative iron ore output fell to 5.82 MnT in April-May 2024 from 7.22 MnT in the year-ago period. Sales during the said period were at 6.35 MnT, down from 7.05 MnT in April-May 2023. On Tuesday, NMDC had increased the prices of lump ore by Rs 250 a tonne and fines by Rs 350 per tonne with immediate effect. The miner revised the cost of lump ore to Rs 6,450/tonne and fines to Rs 5,610 per tonne. Under the Ministry of Steel, Hyderabad-based NMDC caters to India's around 20 per cent demand for the key steel-making raw material.

Dhokra is a craft form of the Harappa and Mohenjo Daro civilisation

The state-owned company's profit plunged 37.8 per cent to Rs 1,412.7 crore in the March quarter of financial year 2024 (Q4FY24), from Rs 2,271.5 crore in Q4FY23

Stocks to watch on May 28: NMDC reported a significant downturn in net profit, which decreased by 37.8 per cent to Rs 1,412.7 crore compared to Rs 2,271.5 crore in the previous year

Additionally, NMDC is seeking lithium blocks from the Indian government on a nomination basis

Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years

The company witnessed a nearly 21% growth in revenue generated from its iron ore segment from the previous year

Nandish Shah of HDFC Securities recommends to Buy NMDC 160 CALL and simultaneously sell 170 CALL of the November series.

Royalty as percentage of sales stood at 43 per cent in Q1FY24 versus 44.8 per cent in Q4FY23