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An earthmover being used to unload iron ore lumps from a dumper truck at state-owned NMDC’s Kumaraswamy iron ore project, in Ballari district, Karnataka. | Photo Credit: PTI NMDC is working on strategies to achieve the 60 MT iron ore production mark this fiscal to meet growing demand from domestic steelmakers for the key raw…
Read More “NMDC looks to hit 60 MT iron ore production mark this fiscal: Chairman” »
The latest revision comes on the back of the company reducing prices of the key raw material of steel two months consecutively. Photo: https://www.nmdc.co.in/ State-owned iron ore producer NMDC has raised the price of lump ore by ₹150 per tonne effective September 9. The new price is ₹5,400 per tonne. The price of Fines has…
Read More “NMDC raises lump ore price by ₹150/tonne, holds price of fines” »
State-owned mining major NMDC’s August iron ore production rose nearly 21% to 4.07 million tonnes compared to 3.37 MT in the corresponding period of previous fiscal. Sales of the steel raw material increased from 3.58 MT (3.39 MT), the company said in a filing on Tuesday. For the five months ended August, iron ore production…
Read More “NMDC posts higher iron ore output, sales in August” »
State-owned NMDC reported a nearly 2% year-on-year (YoY) increase in standalone net profit to ₹2,007.40 crore in the June quarter. The increase came on a 2% YoY jump in revenue from operations to ₹6,795.25 crore, India’s largest iron ore producer said. CMD Amitava Mukherjee said “NMDC has begun FY27 on a strong footing, with higher…
An inside view at one of the NMDC iron ore mine | Photo Credit: The Hindu India’s largest iron ore producer NMDC has reduced the price of the commodity by ₹200 per tonne, effective August 8. It is the second consecutive month the State-owned mining major has slashed the price of key raw material for…
Read More “NMDC slashes iron ore prices for second month in a row” »
State-owned miner NMDC is exploring opportunities in Argentina for copper and other critical minerals as it seeks to accelerate global diversification strategy amid rising demand for energy transition minerals. A delegation from NMDC, which is India’s largest iron ore producer, led by Director (Finance) Anurag Kapil and consisting of several other officials besides other representatives…
Read More “NMDC eyes Argentina for copper, critical minerals” »
State-owned miner NMDC as part of its plans to launch branded iron ore has selected Rail Vikas Nigam (RVNL) to establish a nearly ₹3,000 crore blending yard in Visakhapatnam. A letter of award of contract, from NMDC, for setting up a buffer stockpiles and blending yard with a capacity to handle 10 million tonnes per…
Read More “RVNL to shape NMDC’s branded iron ore plans with ₹3,000 crore blending yard” »
This is the third revision in as many months this fiscal by India’s largest iron producer. | Photo Credit: DEBASISH BHADURI State-owned miner NMDC effective June 3 increased iron ore prices by ₹200 a tonne for Baila Lump and by ₹150 for the same quantity of Baila Fines. The new per tonne prices have been…