Page 12 - Nmdc

AITUC condemns govt decision to divest NMDC's Nagarnar Steel Plant

The All India Trade Union Congress (AITUC) on Friday condemned the Centre's decision to demerge and divest the under-construction Nagarnar Steel Plant (NSP) of state-owned NMDC.

CCEA gives in-principle nod to demerger, strategic disinvestment of NSP

After the demerger, NSP will become a separate company and the managements of NMDC and NSP will be accountable for their respective operations and financial performance

Covid-19 delays NMDC's Rs 21,000-cr Chhattisgarh steel plant commissioning

The commissioning of NMDC's Rs 21,000 crore 3 million tonne capacity steel plant in Chhattisgarh has been delayed due to Covid-19 and is now expected by July next year, a top official said

Karnataka govt to resume iron ore mining at Donimalai after 2 years

Donimalai is rich in iron ore and was in the custody of state-owned NMDC for 50 years when its lease period ended in 2018

MARKET WRAP: Indices end flat, Sensex up 60 pts; ITC, TCS rise nearly 2%

All that happened in the markets today

NMDC has scope for value-unlocking for investors with demerger plan

Steel plant demerger, improved return ratios for mining business, high dividend yield key positives

We may revise iron ore prices further, says NMDC CMD Sumit Deb

The lockdown hit our iron ore production and despatches in the first two months of 2020-21, he says

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