Page 16 - Nmdc

NMDC iron ore production up 20% at 34 million tonnes

BS ReporterHyderabad, 3 April: Sale and production of iron ore by NMDC Limited has gone up by 23 percent and 20 percent respectively in the year ending March 31, 2017. However a similar growth in profitability is unlikely as the iron ore prices started firming only towards the second half of the financial year, according to the company sources.The company has achieved a total production of 34.07 million tonnes of iron ore in 2016-17 as compared to 28.57 million tonnes in the previous year while the sales volumes stood at 35.62 million tonnes as compared to 28.83 million tonnes in 2015-16, according to the company data."Though sales have increased by close to 7 million tonnes over the previous year, we expect a marginal improvement in profits because the company was able to raise the prices from October, 2016 on wards while in the previous months we were reducing the prices in line with global trends as well as the domestic demand," a company official told Business Standard. Taking ...

NMDC's Rs 18,000-cr steel plant may be completed by Dec

NMDC had invested Rs 1,222.65 cr till September 2016 to set up the integrated steel plant

NMDC in talks to acquire stake in Vietnam's tungsten mine

NMDC and defence PSU Midhani signed an MoU in last year to explore suitable tungsten assets in India

NMDC misses profit expectations

Profit growth may seem muted, but it was ahead of estimates if one-off transactions are excluded

NMDC Q3 net profit up 41% to Rs 595 crore on firm iron ore prices

Total income from operations up 65% at Rs 2,498 crore; expenses up 22% to Rs 1,526 cr

NMDC FY17 realisations to take a hit due to iron ore glut

As on July 2016, ore stockpiles at mines in Odisha and Jharkhand stood at 145 mn tonne, up 12% y-o-y

NMDC raises iron ore prices by up to 6.72%

Meanwhile, global prices of iron ore remained stable at around $70 a tonne

NMDC invests Rs 1,222 cr to set up Nagarnar steel plant

The plant is expected to start trial production by mid-2017

NMDC net profit dips 5.6% to Rs 771 crore

The decline was mainly due to the increase in selling expenses including freight outs

Posco, Tata Steel & others show interest in NMDC Bastar steel plan

The 3-mtpa steel project has been earmarked by the Centre for sale to strategic buyers

NMDC rallies on signing pact for minerals exploration in Madhya Pradesh

Thus far in October, the stock up 23% post closure of share buyback offer, as compared to 0.11% rise in Sensex.

Multiple triggers for NMDC stock

Increase in prices as well as volumes a positive

NMDC's strong sales cheer Street

The iron ore miner, with a strong balance sheet, remains a good investment

NMDC sees increasing comfort on volumes, pricing

With volumes improving and realisations having stabilised, the iron ore miner with a strong balance sheet remains a good investment

NMDC Q1 net down 30% at Rs 711 core

Rising costs, sales decline impact bottom line

Govt to form expert group to analyse iron ore sale by NMDC

Minister did not elaborate further on the structure of the group or the study

NMDC: Rally in iron ore prices might hit hurdles

Global iron ore prices, up 16% in a month, could come under pressure again on more supplies

Mining major NMDC to buy back shares worth Rs 7,528 cr

A major portion of the buyback will go to the govt, which owns 80% in the Hyderabad-based minerals explorer

Share buyback won't impact financial position: NMDC

NMDC incurred a capex of Rs 3,679 crore in 2015-16, Rs 3,138 crore in 2014-15

Iron ore miner NMDC fears cash shortage on share buyback plan: Sources

Govt wants to raise Rs 36,000 crore from share buybacks by companies including NMDC, CIL and NALCO