Page 8 - Nmdc

Muted near-term iron prices likely to keep NMDC stock under pressure

Other triggers such as demerger/listing of steel plant unlikely this year

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

NMDC cuts prices of lump ore, fines by Rs 500/tonne each, stock falls 5%

The country's largest iron ore producer NMDC has slashed the prices of lump ore and fines by Rs 500 a tonne each.

Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group

Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.

NMDC keen to invest in green energy capacities, says CMD Sumit Deb

Mining major NMDC has plans to invest in the renewable energy sector, said chairman and managing director Sumit Deb

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD

The demerger of NSP from NMDC is progressing, Mr Deb who was in the national capital, said

NMDC's steel plant sale may fetch enterprise valuation of up to $4 bn

Lenders, shareholders meeting to demerge steel company on Tuesday

NMDC cuts prices of lump ore by Rs 1,100 per tonne, fines by Rs 1,000

The revised prices are effective from June 5, 2022, and exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes, the company s

NMDC shareholders to discuss Nagarnar Steel Plant demerger on Tuesday

The Centre is aiming to complete the demerger of NSP from MMDC within the next four to five months, according to an official document.

NMDC Q4 consolidated net profit falls 36% to Rs 1,813 cr on higher expenses

During the quarter under review, the company's total income rose marginally to Rs 7,034.83 crore, from Rs 6,932.75 crore in the year-ago period

IPOs and buybacks go missing from 2021-22 disinvestment drive

The number of buybacks dropped from seven in FY21 to just one in FY22.

NMDC's iron ore production rises 23% YoY to 42.15 MT in FY 2022

NMDC, the country's largest iron ore producer, said on Saturday its production increased by 23 per cent year-on-year to reach 42.15 million tonnes (MT) in FY22

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

In a regulatory filing, the company said it has fixed the prices of per tonne lump ore at Rs 6,100 and that of fines at Rs 5,160 a tonne

RINL, NMDC production hit as workers remain on strike for 2nd day: Union

Thousands of workers of state-owned RINL and NMDC boycotted work for a second day on Tuesday as part of the nationwide strike, affecting steel production and mining operations, a union leader said.

About 35,000 SAIL, RINL, NMDC workers boycott work on 2nd day of strike

About 35,000 workers of state-owned SAIL, RINL and NMDC continued to boycott work on Tuesday as part the nationwide strike, affecting production at steel plants and mines.

Bank operations hit; SAIL, NMDC staff join Bharat Bandh

The Kerala High Court on Monday directed the LDF administration to forthwith issue orders preventing its STAFF from abstaining from duty as part of the two-day strike

NMDC produces record 40 MT iron ore, aims 42 MT output in FY22

State-owned miner NMDC on Saturday announced that it has touched a record iron ore production of 40 million tonnes (MT) in this fiscal so far.

NMDC's iron ore output grows 13% in Jan-Feb '22; sales up by 17%

State-owned mining giant NMDC has produced 8.87 million tonnes (MT) of iron ore during January-February 2022, a year-on-year rise of about 13 per cent. According to company data, NMDC had produced 7.72 MT of iron ore during the first two months of 2021. During the period under review, the country's largest iron ore miner saw its sales growing 17 per cent to 8.21 MT, from 6.99 MT in January-February 2021. Hyderabad-headquartered NMDC, under the Ministry of Steel, is the country's largest iron ore mining company with mines in states including Karnataka and Chhattisgarh. Iron ore is a key steel making raw material. NMDC is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum. The company recently conducted an e-auction of an 8,337-carat rough diamond produced at its Panna diamond mines in Madhya Pradesh.

Multiple tailwinds in NMDC point to major upside, mine-lease premium weighs

Favourable demand-supply situation pushing up ore prices, value unlocking through demerger, high dividends and cheap valuations are key positives

NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines

State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh.