NMDC increases price of lump ore, iron ore fines by Rs 150 a tonne

Unlike in the past, this price hike will also include the company's mines in Karnataka, said company officials

NMDC Limited, a state-controlled mineral producer, has increased the price for lump ore and iron ore fines by Rs 150 a tonne with effect from August 22.   

The company informed exchanges that the price has been increased to Rs 3,350 a tonne from Rs 3,200 a tonne for lump ore and to Rs 2,960 a tonne from Rs 2,810 a tonne for iron ore fines.   

Unlike in the past, this price hike will also include Karnataka, said company officials, adding that it was meant to reduce the gap between iron ore sold from the NDMC mines in Chattisgarh