Page 3 - Nmdc

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.

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