Page 15 - Nmdc

NMDC plans to acquire 100 per cent stake in Australia's Legacy Iron-Ore Ltd

Legacy is carrying out exploration in its 19 exploration tenements in Western Australia in Iron Ore, Gold and base metals

NMDC to invest $1 billion in infrastructure, ramp up ore production

NMDC has already invested Rs 14,500 cr on a three-million-tonne capacity steel plan

Despite the positives, volume and pricing challenges continue for NMDC

Prospects dampened by pricing challenges in Odisha and production stoppage at Donimalai

Resumption of Donimalai mines remains the key trigger for NMDC: Analysts

The latest price hikes have been supported by supply disruption at Vale in Brazil, a large global producer, following the accident at its mine

NMDC to decide on eligible shareholders for Rs 1000-cr buyback on Jan 18

The finance ministry has already given a green light to the company's buyback plan. The timeline for the launch of the offer would be decided by NMDC's board. The government holds 72.43% in NDMC

NMDC sues Karnataka over revenue share from Donimalai mine iron ore

The PSU had decided to suspend operations after the Karnataka govt imposed 80% premium on iron ore sales from the mine

NMDC challenges Karnataka's demand for higher revenue from Donimalai mine

The court will hear the matter on January 10

NMDC price cuts: Analysts say sustaining realisations crucial for earnings

As concerns on volumes remain elevated with Karnataka mining issue, realisations from here on holds key

NMDC continues downtrend on bourses as rising volume concerns worry Street

After soft volumes pulled down earnings in the first half of FY19, uncertainty on Karnataka production is keeping the Street nervous

NMDC increases iron ore prices by Rs 300 per tonne on surge in demand

According to sources, the price increase was due to an increase in international and domestic demand combined with strong steel and pellet prices

NMDC eyes 67 MTPA iron ore output by 2021-22, HR coil rollout by FY19 end

Company's Australian arm applies for allocation of tenements for tungsten in Western Australia

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

NMDC Limited, a state-controlled mineral producer, has increased the price by Rs 150 a tonne for lump ore and iron ore fines with effect from August 22. The company informed exchange that the price increased to Rs 3,350 from Rs 3,200 a tonne for lump ore and Rs 2,960 per tonne for iron ore fines from Rs 2,810 a tonne.Unlike in the past this price hike will also include Karnataka, said company officials adding that the price was to reduce the gap between iron ore sold from the NDMC mines at Chattisgarh and Karnatka as compared to the prices at Odhisa.Seshagiri Rao, JMD and group CFO, JSW Steel said that the price could be because of the Rupee depreciation. He added considering the quality of the iron ores in Karnataka, the prices should be competitive.Basant Poddar, former Chairman and member of Federation of Indian Mineral Industries (FIMI)- South said that the price revision is a welcome move to spur local consumption and revenue to the state of Karnataka.Beginning of this year, in ..

SAIL closing in on NMDC's iron ore capacity

NMDC, which is also expanding it's capacity, had an iron ore mining capacity of 43 million tonnes in 2017-18

NMDC stock: Growing steel production supporting iron ore demand

The 62% Fe ore prices ex-China had corrected from more than $75 a tonne to sub $65 levels during the February-May period

NMDC to increase mining capacity to 50 million tonnes by 2019-20

In the last financial year, NMDC registered best ever production in the last 60 years since the inception of the company by producing 35.5 mt iron ore

Value addition will bring more relevance to NMDC: Chairman Baijendra Kumar

Instead of going for divestment at a later stage, as tried in the case of Nagarnar plant, the company wants to go with a private partner for such projects in the initial stage itself

NMDC declares interim dividend of 430%; shareholders pocket Rs 13.60 bn

During the last five years, NMDC has paid about Rs 155.25 billion as dividend to its shareholders

NMDC: Strong rebound seen in profitability in March quarter and FY19

NMDC's decision to cut iron ore prices by 3-4 per cent or Rs 100 a tonne from March 1 may have weighed on street sentiment, but analysts say the company's prospects remain healthy. They say, some price cuts were expected given that NMDC had consistently raised prices of iron ore lumps and fines, taking the total increase to 34 per cent and 38 per cent, respectively since November 2017. The move has also surprised some on the street given that iron ore prices ex-china had touched 10 month highs of $79.95 a tonne at the end of February. NMDC's price hikes during November-February had been supported by rising international iron ore prices from sub-$60 a tonne, as well as mining disruptions in Odisha. With the restart of some mines in Odisha after mid-February, some price adjustment was anticipated.The bigger gain, as the street sees it as, will come in the form of higher volumes. NMDC's production at 24.3 million tonne (MT) during first nine months of FY18 was up marginal by three per ...

NMDC stake sale via OFS route begins; stock falls 4%

The stock hit a 52-week high of Rs 163 on BSE on Monday, January 8, 2018 in intra-day trade had outperformed the market by gaining 23% in past one month

Govt to divest 1.5% in NMDC on Tuesday at Rs 153.5 per share

The government has already raised over Rs 525 billion in current fiscal through stake sale in PSUs, including listing of insurance PSUs and exchange traded fund