Page 6 - Nmdc

Stocks to watch: Tata Steel, NMDC, PNC Infra, Natco Pharma, MTAR Tech

Stocks to watch on June 19, 2023: From Tata Steel to NMDC, here are the top stocks to watch in Monday's trading session

Govt to invite bids for privatising NMDC after commissioning blast furnace

The government is likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace at the company's steel plant in Chhattisgarh, according to officials. Officials expect the value of the company to go up once the blast furnace of the steel plant becomes operational. NSL is expected to have a production capacity of 3 million tonnes per annum. The government holds a 60.79 per cent stake in NMDC Steel Ltd (NSL) after it got demerged from NMDC, which is India's largest iron ore producer. The facility is located in Nagarnar, Chhattisgarh. The remaining 39.21 per cent stake is with the public. NSL is up for privatisation with the government looking to sell 50.79 per cent of its shareholding, along with management control. The government had received multiple preliminary bids or expressions of interest for the company. Officials said the government will get to know the fair value of NSL once the blast furnace, which is the heart of a steel plan

NMDC in line to set up two slurry pipelines in Bastar district

NMDC is eyeing 46 to 50 mt of production in the current financial year after its output marginally slipped to 41.22 mt year-on-year

Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

NMDC cuts iron ore lump rate by Rs 300 per tonne to Rs Rs 3,900 per tonne

State-owned NMDC on Tuesday said it has slashed iron ore lump and its fines rates by Rs 300 and Rs 450 per tonne, respectively. It has fixed the price of lump ore at Rs 3,900 per tonne and fines at Rs 3,560 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.53 per cent Fe (iron), while fines are inferior-grade ores with 64 per cent and less iron content. In the last price revision announced on April 29, NMDC fixed the rate of the lump at Rs 4,200 per tonne and that of fines at Rs 4,010 a tonne. The prices are effective from May 29 and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. According to research firm SteelMint, "This price cut has brought NMDC iron ore prices to a 6-month low. The reduction is attributed largely to falling steel prices, which is a result of a weak global market. However, in the domestic mar

NMDC Q4 results: Net profit rises 22% to Rs 2,277 cr, revenue falls 13%

The company's revenue from operation fell by 13.76 per cent to Rs 5,851 crore for the March quarter as compared to Rs 6,785 crore in the year-ago period

NMDC's iron ore production rises 11.42% to 3.51 mn tonnes in April

State-owned NMDC Ltd on Tuesday reported an 11.42 per cent rise in its iron ore production of 3.51 million tonne (MT) in April 2023. It produced 3.15 MT of iron ore in the same month last year, NMDC said in a BSE filing. Last month, the company's sales rose by around 10 per cent to 3.43 MT from 3.12 MT in April 2022. Besides iron ore, Hyderabad-based NMDC is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

NMDC in talks with Australia's Hancock for lithium mining: Report

Separately, NMDC is working on plans to export low-grade iron ore to China, the report said

Iron ore miner NMDC exploring lithium reserves in Australia's Perth

Indian iron ore miner NMDC Ltd said on Wednesday it is exploring lithium reserves 124.3 miles (about 200 km) off Perth, Australia

Higher prices, volumes key positives for iron ore miner NMDC stock

The company is likely to push iron ore capacity up, from the current rated 50 MTPA to 70 MTPA, which would leave it well-placed to meet demand in the next up cycle

NMDC hikes iron ore lump rate by Rs 100/tonne; fines Rs 200 per tonne

State-owned NMDC on Tuesday said it has hiked price of iron ore lumps by Rs 100 to Rs 4,500 per tonne with immediate effect. The country's largest iron ore miner has also increased rate of iron ore fines by Rs 200 to Rs 4,110/tonne, NMDC said in a regulatory filing. The prices are effective from Tuesday and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. Lump ore or high-grade iron ore contains 65.53 per cent Fe (iron), while fines are inferior grade ore with 64 per cent and less Fe content. In the last price revision announced on February 2, NMDC fixed the rate of the lump at Rs 4,400 per tonne and that of fines at Rs 3,910 a tonne with immediate effect. Iron ore is one of the key raw materials used in manufacturing of steel, and any movement in its prices has a direct impact on rates of steel, an alloy widely used in segments such as construction, infrastructure, automobile and .

LIC sells 2% stake in NMDC between Dec and Mar, gets over Rs 700 crore

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14. In a regulatory filing, LIC said its holding in NMDC has decreased from 13.69 per cent to 11.69 per cent during the period between December 29, 2022 and March 14, 2023, at an average price of Rs 119.37 a share. The sale of 2 per cent stake or a little over 5.88 crore shares in open market has fetched over Rs 700 crore to LIC. "Corporation's shareholding in NMDC Ltd has diluted from 40,14,72,157 to 34,25,97,574 equity shares decreasing its shareholding from 13.699 per cent to 11.690 per cent of the paid-up capital of the said company," LIC said. NMDC is engaged in exploration and production of iron ore.

Essar group returns to steel business with $8-billion investment

Setting up steel plant in Saudi, an iron pellet plant each in Odisha, US

Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors

Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session

NMDC iron ore output grows 4% at 4.48 mn tonnes in Feb, sales drop 4.78%

NMDC Ltd on Wednesday reported 4 per cent growth in its iron ore production at 4.48 million tonnes (MT) in February 2023 compared to 4.31 MT a year ago. Sales of iron ore declined by 4.78 per cent to 3.78 MT in February 2023 compared to 3.97 MT in the same month of last year, according to an exchange filing. NMDC's iron ore production during the April-February period fell 4.19 per cent to 35.62 MT from 37.18 MT in the year-ago period. Iron ore sales in April-February 2022-23 also fell 8.61 per cent to 33.42 MT from 36.57 MT a year ago. NMDC, under the Ministry of Steel, is India's largest iron ore producer contributing nearly 17 per cent to the country's total iron ore production.

NMDC's Q3 consolidated net profit more than halves to Rs 904 crore

State-owned NMDC's consolidated net profit more than halved to Rs 903.89 crore for the December quarter, mainly on account of lower income. The company had clocked a net profit of Rs 2,046.88 crore in the October-December period of the preceding 2021-22 fiscal, the miner said in a regulatory filing on Tuesday. Its total income also tumbled to Rs 3,924.75 crore from Rs 6,026.68 crore in the year-ago quarter. Total expenses were at Rs 2,693.01 crore, as against Rs 3,332.44 crore a year ago. NMDC, under the Ministry of Steel, is the country's largest producer and supplier of iron ore.

Uncertainty prevails over NMDC's Nagarnar steel bidding in Chhattisgarh

The Centre, on December 1, 2022, invited preliminary bids for disinvestment of the plant and offered to sell a 50.79 per cent stake in the company

NMDC increases iron ore lump rates by Rs 200 to Rs 4,300 per tonne

State-owned NMDC on Monday announced that it has hiked the prices of iron ore lumps by Rs 200 to Rs 4,300 per tonne. The country's largest iron ore miner has also increased rates of iron ore fines by Rs 500 to Rs 3,410/tonne, NMDC said in a regulatory filing. The prices are effective January 1, and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. Lump ore or high-grade iron contains 65.53 per cent Fe (iron), while fines are inferior grade ore with 64 per cent and less Fe content. In the last price revision announced on November 30, NMDC had fixed the rate of the lump at Rs 4,100 per tonne and that of fines at Rs 2,910 a tonne with immediate effect. Iron ore is one of the key raw materials used in the manufacturing of steel, and any movement in its prices has a direct impact on the rates of the steel, an alloy widely used in segments such as construction, infrastructure, automobile an

NMDC: A long-term play on steel cycle; may see decline in FY23 revenues

NMDC's formal demerger of the steel plant may be followed by an initial public offering, or the government could look for a stake sale

JSPL sees 'very good reason' to consider RINL, NMDC: MD Bimlendra Jha

State-owned companies marked out for divestment are attractive assets, he says in interview