Page 6 - Nmdc

NMDC mine in Panna district will not be closed: Madhya Pradesh CM Shivraj

The National Mineral Development Corporation (NMDC) mine in Panna district will not be closed, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said

NMDC posts over 23% rise in iron ore output at 3.86 mn tonne in December

In the year-ago period, the miner had produced 3.13 MT iron ore from its mines, NMDC said in a BSE filing

NMDC gains 5% on higher iron ore prices; stock surges 24% in a month

The rally in global iron ore prices augurs well for NMDC as it provides the domestic iron ore major likely room to increase its prices further, thereby auguring well for the company.

Selling few iron ore blocks infrequently creates artificial deficit: Jindal

Says people end up paying a huge premium and then the assets become unsustainable

Govt extends NMDC's Donimalai iron ore lease after two-year suspension

Centre signs agreement with Karnataka govt and Ministry of Steel in this respect

Bull run continues; Sensex up 316 pts to end at 43,594, Nifty nears 12,750

All that happened in the markets today.

NMDC Q2 profit grows 10% to Rs 773 cr on account of reduced expenses

State-owned NMDC on Tuesday posted over 10 per cent rise in consolidated net profit at Rs 772.53 crore for September quarter 2020-21, on account of reduced expenses.

Multiple triggers to drive NMDC re-rating, firm to consider share buyback

While recent hikes have pushed iron ore prices to 24-month highs, analysts also expect sustained improvement in operating performance

JSW, Liberty group may participate in strategic sale of NMDC steel plant

Nagarnar Steel Plant with 3 mn tonne capacity is likely to be commissioned by June-July next year. disinvestment process is expected to be completed by September 2021

NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan

Gets board nod to buy back up to 197.8 mn quity shares; thermal power giant registers 4.8% growth in profit in Q2

Centre asks at least eight state-run companies to consider buybacks: Report

"Buyback is an important tool in our strategy and it helps in building market price," the second source, who also spoke on condition of anonymity, said

AITUC condemns govt decision to divest NMDC's Nagarnar Steel Plant

The All India Trade Union Congress (AITUC) on Friday condemned the Centre's decision to demerge and divest the under-construction Nagarnar Steel Plant (NSP) of state-owned NMDC.

CCEA gives in-principle nod to demerger, strategic disinvestment of NSP

After the demerger, NSP will become a separate company and the managements of NMDC and NSP will be accountable for their respective operations and financial performance

Covid-19 delays NMDC's Rs 21,000-cr Chhattisgarh steel plant commissioning

The commissioning of NMDC's Rs 21,000 crore 3 million tonne capacity steel plant in Chhattisgarh has been delayed due to Covid-19 and is now expected by July next year, a top official said

Karnataka govt to resume iron ore mining at Donimalai after 2 years

Donimalai is rich in iron ore and was in the custody of state-owned NMDC for 50 years when its lease period ended in 2018

MARKET WRAP: Indices end flat, Sensex up 60 pts; ITC, TCS rise nearly 2%

All that happened in the markets today

NMDC has scope for value-unlocking for investors with demerger plan

Steel plant demerger, improved return ratios for mining business, high dividend yield key positives

We may revise iron ore prices further, says NMDC CMD Sumit Deb

The lockdown hit our iron ore production and despatches in the first two months of 2020-21, he says

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.