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NMDC share price declined on the NSE and BSE on profit booking. Here is how analysts are interpreting the iron ore company's Q1 results, stock outlook
NMDC share price rose 2 per cent, logging an intraday high at ₹69.64 per share amid large trades
State-owned NMDC on Tuesday said it has slashed prices of iron ore lump and its fines by Rs 600 and Rs 500 per tonne, respectively, with immediate effect. It has fixed the price of lump ore at Rs 5,700 per tonne and fines at Rs 4,850 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.5 per cent iron content, while fines are inferior-grade ores with 64 per cent or less iron content. In the last price revision announced on June 4, NMDC had fixed the rate of the lump at Rs 6,300 per tonne and that of fines at Rs 5,350 per tonne. The prices effective from July 1 are inclusive of royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET) and exclude cess, forest permit fee, transit fee, GST, environmental cess and other taxes. According to market research firm BigMint, "The domestic steel market remained under acute pressure, as prices continued on their downward trajectory. Throughout June, the r
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This recruitment drive is part of the company's expansion strategy, focusing on bolstering operations within Chhattisgarh's strategically vital Bailadila mining sector
In Q4FY25, volume growth picked up. NMDC implemented price hikes in FY25. In future, volume pick-up and stable realizations will be key
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State-owned NMDC has reported a 15 per cent rise in its iron ore production and 3 per cent growth in sales of the mineral in April. In a statement on Sunday, NMDC said it produced 4 million tonnes (MnT) iron ore in April, higher from 3.48 MnT in same month last year. NMDC sold 3.63 MnT iron ore last month, up from 3.53 MnT in April 2024. NMDC CMD Amitava Mukherjee said, "Our record-breaking April performance, coupled with best-ever despatch figures from our major iron ore mines -- Kirandul, Bacheli, and Donimalai -- with a growth of 12 per cent, 4 per cent and 88 per cent, respectively over CPLY solidifies our leadership position and sets a strong foundation for achieving our ambitious target of becoming 100 MT mining company by 2030." The company's pellet production soared to an all-time high of 0.23 lakh tonnes, surpassing the previous April record set in 2018. Under the Ministry of Mines, NMDC is India's largest iron ore producing entity. Meanwhile, NMDC Steel Limited (NSL), a
The company is looking at this as a business opportunity, Mukherjee said. They (explorations) are in different stages of negotiations
NMDC stock price has been forming higher tops and higher bottoms on the daily chart.
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Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.
The production at the country's largest iron ore miner has been severely affected. In the last four days, the output has come down by over 60 per cent
State-owned NMDC on Saturday said that it has registered a 17.8 per cent increase in iron ore production at 4.62 million tonnes (MT) in February. The company had produced 3.92 MT of iron ore in the corresponding month of previous fiscal year, NMDC said in a filing to BSE. The company said that the figures are provisional. The iron ore production in the April-February period rose to 40.49 MT over 40.24 MT in the year-ago period, the filing said. The sale of iron ore in February was at 3.98 MT, over 3.99 MT in February last fiscal. Hyderabad-based NMDC, under Ministry of Steel, is the country's largest iron ore mining company. The PSU alone caters around 20 per cent to the country's demand for the key steel-making raw material. Since inception, the company has been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands amongst others in some of the most remote corners of the country.
Under the MoU, NMDC Group PJSC will invest in developing the offshore land of Vadhvan coast, involving dredging, reclamation, and shore protection
Delhiites have chosen a new leadership for change, and this transformation will positively impact both the city and its people, Lieutenant Governor Vinai Kumar Saxena said on Friday. Speaking at the 'Samvaad with Swachhta Sainiks' event here, he said while some areas, particularly those under the New Delhi Municipal Council (NDMC), are well-maintained, others require significant improvement. We will ensure that MCD areas also become as clean and beautiful as NDMC zones, he said. The LG highlighted that keeping Delhi is primarily the responsibility of the Municipal Corporation of Delhi (MCD), which has a workforce of 50,000 sanitation workers. Saxena praised sanitation workers for their efforts during the COVID-19 pandemic, the Yamuna floods, and the G20 beautification drive. He also urged citizens to also play an active role. When we see potholes and garbage in the capital, it raises concerns about whether we are truly representing the country's capital, he added.
Iron ore production stood at 13.3 mn tonnes (up 9 per cent Y-o-Y and 61 per cent Q-o-Q), while sales stood at 11.9 mn tonnes (up 5 per cent Y-o-Y and 20 per cent Q-o-Q) during the quarter under review