Page 11 - Nmdc

NMDC Donimalai mine ops to improve domestic iron ore supply: Experts

Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say.

Stocks to watch: Bharti Airtel, IDFC First Bank, NMDC, Ambuja Cements, DLF

NMDC announced resuming mining operations at its Donimalai iron ore mine in Karnataka

Mining resumes at state-owned NMDC's Donimalai mine in Karnataka

State-owned NMDC on Thursday announced resuming mining operations at its Donimalai iron ore mine in Karnataka

NMDC zooms 6% on report Credit Suisse initiates coverage, sees 45% upside

Credit Suisse has initiated coverage on the stock with an 'Outperform' rating. It also has a target price of Rs 162 on the stock

NMDC consolidated net profit jumps 53% to Rs 2,108 crore in Dec quarter

The company had posted a net profit of Rs 1,375 crore during the same quarter a year ago, NMDC said in a BSE filing

NMDC Q3 results: Net profit soars 53.4% YoY to Rs 2,108 crore

The revenue from operations rose 44.8 per cent to Rs 4,355.10 crore in the December quarter

After years of underperformance, NMDC stock strikes when iron is hot

Rally fuelled by global rise in iron prices; stock trading at P/E multiple of 13x

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

Metals extend rally on strong demand; Tata Steel zooms 97% in 3 months

At 02:15 pm, Nifty Metal index was the top gainer among sectoral indices, up 4% against 0.28% rise in the Nifty50 index

NMDC mine in Panna district will not be closed: Madhya Pradesh CM Shivraj

The National Mineral Development Corporation (NMDC) mine in Panna district will not be closed, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said

NMDC posts over 23% rise in iron ore output at 3.86 mn tonne in December

In the year-ago period, the miner had produced 3.13 MT iron ore from its mines, NMDC said in a BSE filing

NMDC gains 5% on higher iron ore prices; stock surges 24% in a month

The rally in global iron ore prices augurs well for NMDC as it provides the domestic iron ore major likely room to increase its prices further, thereby auguring well for the company.

Selling few iron ore blocks infrequently creates artificial deficit: Jindal

Says people end up paying a huge premium and then the assets become unsustainable

Govt extends NMDC's Donimalai iron ore lease after two-year suspension

Centre signs agreement with Karnataka govt and Ministry of Steel in this respect

Bull run continues; Sensex up 316 pts to end at 43,594, Nifty nears 12,750

All that happened in the markets today.

NMDC Q2 profit grows 10% to Rs 773 cr on account of reduced expenses

State-owned NMDC on Tuesday posted over 10 per cent rise in consolidated net profit at Rs 772.53 crore for September quarter 2020-21, on account of reduced expenses.

Multiple triggers to drive NMDC re-rating, firm to consider share buyback

While recent hikes have pushed iron ore prices to 24-month highs, analysts also expect sustained improvement in operating performance

JSW, Liberty group may participate in strategic sale of NMDC steel plant

Nagarnar Steel Plant with 3 mn tonne capacity is likely to be commissioned by June-July next year. disinvestment process is expected to be completed by September 2021

NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan

Gets board nod to buy back up to 197.8 mn quity shares; thermal power giant registers 4.8% growth in profit in Q2

Centre asks at least eight state-run companies to consider buybacks: Report

"Buyback is an important tool in our strategy and it helps in building market price," the second source, who also spoke on condition of anonymity, said