Page 9 - Nmdc

Stocks to Watch: MTNL, Sun Pharma, Airlines, Adani Ports, Bharat Forge

MTNL is in focus as the Centre is considering relaxing some norms that led to the failure in attracting bids for assets of BSNL and MTNL as they look to restart the auction for their non-core assets.

NMDC hikes prices of iron ore lumps and fines by Rs 400 a tonne

The country's largest iron ore miner NMDC on Tuesday hiked the prices of lump ore and fines by Rs 400 a tonne each with immediate effect.

Commodity boom! Hind Copper, NTPC, NMDC to see up to 30% rally

With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.

Jindal Steel & Power keen on RINL, NMDC's Nagarnar iron and steel plant

The two assets are bigger than the 1.1 mt NINL and would bolster steelmaking capacity for any buyer.

NMDC consolidated profit drops marginally to Rs 2,048 cr in Dec quarter

State-owned NMDC on Tuesday reported a marginal 2.8 per cent drop in consolidated profit at Rs 2,048.40 crore for the quarter ended December 31, 2021 on the back of higher expenses. The company had reported a profit of Rs 2,108.05 crore for the year-ago period, NMDC said in a filing to BSE. However, the company's income during the quarter increased to Rs 6,026.68 crore, over Rs 4,460.97 crore in the year-ago period. Expenses during the third quarter rose to Rs 3,332.44 crore from Rs 1,650.56 crore in the year-ago period, the filing said. The board approved "second interim dividend at the rate of Rs 5.73 per equity share of face value of Re 1 each for the financial year 2021-22." The Hyderabad-headquartered firm under Ministry of Steel, is the country's largest iron ore mining company. It is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

Sensex snaps 3-day losing run, ends 187 pts up; RIL gains 2%, PSBs shine

The 30-pack index was lifted by Tata Steel (up 3 per cent), RIL (up 2 per cent), Bajaj twins, and Asian Paints

NMDC iron ore output grows 28% to 33 MT in Apr-Jan; sales jump 25%

State-owned NMDC on Tuesday said its iron ore production surged over 28 per cent to 32.88 million tonnes (MT) in April-January 2021-22. The company's iron ore output was 25.66 MT in the same period last fiscal, NMDC said in a regulatory filing. In January 2022, the company said its iron ore production rose to 4.56 MT from 3.86 MT a year ago. Its total sales of iron ore during the April-January period increased over 25 per cent to 32.60 MT from 26.01 MT a year ago. The company sold 4.24 MT iron ore in January 2022 compared to 3.74 MT in the year-ago month. The Hyderabad-headquartered NMDC, under the Ministry of Steel, is the country's largest iron ore mining company. It is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs

The government has received about Rs 6,600 crore as dividend tranches from a dozen Central Public Sector Enterprises (CPSEs), including GAIL, NMDC and Power Grid

Weak outlook emerges for NMDC as strong steel cycle appears to have peaked

Most analysts have a hold rating on the stock of India's largest iron ore mining company

NMDC slashes lump ore prices by Rs 750 per tonne, fines by Rs 200 per tonne

Iron ore is the key steel making raw material. A change in its prices has a direct impact on the rates of steel

Stocks to Watch: ONGC, Hindalco, Zee, NMDC, Tata Steel, Aptech, VodaIdea

Amaraja Batteries, Apollo Hospitals, Ashok Leyland, Bharat Forge, BPL, Glenmark Pharma, Hero MotoCorp, Vodafone Idea, National Aluminium, Reliance Capital, SpiceJet and Suzlon are some of the stocks

State-owned NMDC's iron ore output for Apr-Oct jumps 43% to 21 MT

During the period, sales of the country's largest iron ore miner also registered 43% growth, the Ministry of Steel said

NMDC eyes 47 million tonne iron ore production in FY22

NMDC Ltd is aiming to achieve 47 million tonnes of iron ore production during the current financial year and plans to spend Rs 3,720 crore on capital expenditure

NMDC reduces prices, steel companies roll over prices in September

NMDC, the country's largest iron ore producer, has reduced prices by around Rs 1,000 a tonne, the company informed the stock exchanges on Monday.

Top headlines: SC refuses to defer NEET exam; NMDC reduces prices

Business Standard brings you the top stories this evening

NMDC iron ore production grows 44% to 15 MT in April-August

State-owned NMDC on Tuesday said its iron ore production surged over 44 per cent to 15.02 million tonnes (MT) in April-August 2021.

Iron ore price fall yet to completely reflect in the domestic market

Steel companies in wait-and-watch mode, expect reduction from NMDC

Nifty Metal index slips 6%; Tata Steel, Vedanta, JSPL, NMDC fall up to 8%

Metal markets were roiled in selloff on concerns over Chinese steel production, global growth risks and the prospect of reduced US stimulus

State-owned NMDC first quarter net profit jumps to Rs 3,191 crore

State-owned NMDC on Thursday saw its consolidated net profit jump to Rs 3,191.30 crore in the first quarter ended June 30. The company had posted Rs 531.35 crore net profit during the same quarter a year ago. In a BSE filing, the company said its total income zoomed to Rs 6,656.30 crore in the latest June quarter from Rs 2,009.27 crore in the year-ago period. During the quarter under review, the company's expenses stood at Rs 2,394.31 crore as against Rs 1,250.82 crore in the same period of the previous fiscal. NMDC, under the Ministry of Steel, is the country''s largest iron ore miner. It is also into exploration of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

State-owned NMDC cuts prices of lump ore, fines by Rs 200 per tonne

State-owned NMDC on Monday said it has reduced the prices of lump ore and fines by Rs 200 per tonne each.