NMDC targets 60 MT of iron ore production in FY27 and plans to start commercial thermal coal output as it diversifies into coal, critical minerals and rare earth elements
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State-owned NMDC will start the commercial production of thermal coal by October-December period and looks to sell around 1 MT of the dry fuel within FY27, said Amitava Mukherjee, Chairman of India's largest iron ore mining player. Under the Ministry of Steel, Hyderabad-based NMDC alone caters to the country's 20 per cent need of iron ore -- a key raw material needed to produce steel. In an interview to PTI, Mukherjee said the company has drawn a road map up to 2030 to diversify its mining operations to support the government's vision of Viksit Bharat. "Right now, we are 99.9 per cent an iron ore company. We aim to help the growing industries in the country with maximum of their mineral needs," the chairman said, adding that this year the company will begin the commercial mining of thermal coal and targets to sell a maximum of 1 MT of the commodity to potential buyers. "We have reached the coal seam (of Tokisud North coal mine), and the production will start by next quarter," the .
Cumulative production rises 26 per cent to 23.23 MT in April-August; state-run miner says it is on track to produce more than 60 MT of iron ore in FY27
NMDC's ₹15,786-crore contingent liability highlights the uncertainty around Karnataka's retrospective mineral tax and the potential impact of the amended mining law
Stocks to watch today: RIL, Amber Enterprises, ONGC, Ather Energy, NMDC, Voltas, Patanjali Foods, EaseMyTrip, Cochin Shipyard, Jindal Stainless, Brigade Enterprises, among others, will be in focus.
Physicswallah, Bharat Dynamics, 3M India, Ashok Leyland and NMDC are among the companies announcing their Q1FY27 results today.
NMDC says proposed restrictions on state-level mineral levies could provide greater fiscal certainty, reduce unexpected legacy claims and support long-term investment
State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy
Stocks to Watch today, June 4, 2026: From Titan to NBCC, here is a list of shares that will remain in focus
Overseas acquisitions, rare earths and branded iron ore part of core strategy
Strong iron ore volumes and higher prices lifted NMDC's earnings, while expansion plans and coal mining projects underpin its FY27 growth outlook
NMDC shares rose nearly 5 per cent on Tuesday after strong Q4 FY26 earnings. Brokerages remain positive on capacity expansion and diversification plans, though some caution on rich valuations.
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Among stocks that are traded below ₹100, Angel One recommends to buy NHPC, NMDC, HCC, South Indian Bank and Lloyd Engineering based on the analysis of present technical charts.
Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others
Shares of midcap and smallcap companies came under pressure on Monday as Rising tensions between the US-Israel and Iran have raised concerns about potential disruptions to global oil supply
Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each
Individually, GMDC shares gained 3.6 per cent on BSE, logging a day's high at ₹551.5 per share on BSE, and NMDC shares rose 1.6 per cent to touch an intra-day high at ₹78.81 per share
Adani Ports and Special Economic Zone Limited (APSEZ), through its subsidiary Adani Gangavaram Port Ltd, has signed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to develop an integrated iron ore blending facility and dedicated Special Economic Zone (SEZ) at Gangavaram Port. The MoU was signed at the India-Brazil Business Forum Summit in New Delhi during the official visit of Brazilian President Luiz Inacio Lula da Silva, the company said in a statement. Under the agreement, the three parties will jointly develop, operationalise and manage an SEZ-based ecosystem for blending, value addition and commercialisation of iron ore. The initiative is aimed at strengthening the iron ore export value chain on India's East Coast by improving efficiency, scale and global competitiveness in mineral processing and trade. With the proposed development, the capacity of Gangavaram Port is expected to increase to 75 million tonnes, positioning it as a major export hub for iron ore