Page 12 - Nmdc

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.

NMDC jumps 10% after Q1 result; net profit declines 55% due to lockdown

NMDC's turnover during the first quarter was Rs 1,938 crore compared to Rs 3,264 crore during the corresponding quarter last fiscal.

NMDC Q1 PAT down 55% at Rs 533 cr as production, sales hit due to lockdown

NMDC's turnover during the firstquarter was Rs.1,938 crore compared to Rs 3,264 crore during the corresponding quarter last fiscal, the company said

NMDC hikes iron ore rates by Rs 300 to Rs 2,950 a tonne effective today

The country's largest iron ore miner NMDC on Wednesday hiked rates of the mineral by Rs 300 to Rs 2,950 a tonne with immediate effect

Here's a Bull Spread strategy for NMDC by Nandish Shah of HDFC Securities

The short term trend turned positive for NMDC as it has closed above its 5 and 20-day SMA

NMDC s produces 2.19 million tonnes of Iron ore in July, sells 2.57 MT

NMDC Limited produced 2.19 million tonnes and sold 2.57 million tonnes of iron ore in July.

NMDC production rises by 13 %, sales up by 7 % in July

In July 2020, the Chhattisgarh projects registered a production of 1.56 million tonnes

Panel urges SC not to ask NMDC, MML to meet iron ore shortfall in Karnataka

CEC says existing mines and upcoming ones will be able to meet the demand

Sumit Deb appointed CMD of National Mineral Development Corporation

Sumit Deb has been appointed as the CMD of National Mineral Development Corporation (NMDC), iron ore mining major of the country, according to a Personnel Ministry order issued

Spending 50% of capex target by September: An uphill task for PSUs

Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.

Jump in ore prices eases NMDC's woes; shares rebound by 16%

However, with the onset of monsoon, the outlook for steel demand remains subdued in the September quarter

NMDC hopes to keep volumes intact in FY21; remains wary about realisations

Brokerages are, however, bearish on iron ore prices in the near term

Markets ignore geopolitical tension, Sensex ends 376 points higher

All that happened in the markets today

Market Ahead, June 16: All you need to know before the opening bell

The SGX Nifty is up around 170 points from yesterday's close and is indicating an open at around 9,980 levels for the Nifty today

Iron ore dispatches disrupted in key NMDC mines after state govt order

The Chhattisgarh government had issued show-cause notice to NMDC on June 11 for setting its loading plant outside mining area in violation of lease terms

NMDC, merchant miners to benefit from global iron ore price rally

Revival of Chinese steel production has bolstered demand; simultaneously, disruptions in Brazil after soaring Covid cases has crimped supplies, raising prices

Act responsibly or mining lease will be scrapped: Chhattisgarh govt to NMDC

NMDC Ltd presently mines 90 per cent of its iron ore from Chhattisgarh's leftist insurgency-hit Dantewada district

Experts cite dwindling steel demand for NMDC's sharp cut in iron ore prices

NMDC's action is expected to encourage buyers to pick up larger quantities of the mineral in the near future

NMDC pledges Rs 150 crore to PM CARES FUND for war against Covid-19

The country's largest iron-ore producer and exporter is learnt to be the biggest contributor so far among PSUs for fighting coronavirus